Stockwinners Market Radar for January 08, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

PATH

Hot Stocks

20:12 EST Cathie Wood's ARK Investment sold 583K shares of UiPath today
QCOM

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20:10 EST Cathie Wood's ARK Investment bought 58K shares of Qualcomm today
TOST

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20:10 EST Cathie Wood's ARK Investment bought 22.3K shares of Toast today
AA

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20:09 EST Alcoa confirms curtailment of Kwinana Alumina Refinery in Western Australia - Alcoa "announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter. The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80 percent of its nameplate capacity since January of 2023."
TTNP

Hot Stocks

19:50 EST Titan Pharmaceuticals trading halted, news pending
IRWD

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19:00 EST Ironwood announces publication of Phase III study in The Lancet - Ironwood Pharmaceuticals announced that new data from the Phase III study that evaluated linaclotide in children and adolescents aged 6-17 years with functional constipation were published in The Lancet Gastroenterology & Hepatology. The data highlights additional efficacy endpoints from the company's pivotal Phase III trial, which formed the basis of the June 2023 U.S. Food and Drug Administration approval of linaclotide for the treatment of functional constipation in this population. Functional constipation in children is defined as a condition with hard, infrequent bowel movements that are often difficult or painful to pass. The condition affects an estimated 6 million children aged 6-17 years in the U.S. "Functional constipation is among the most common complaints pediatricians and pediatric GIs see in our patients," said Miguel Saps, Chief of Division of Pediatric Gastroenterology, Hepatology, and Nutrition and the George E. Batchelor Endowed Chair in Pediatrics, University of Miami, University of Miami Health System. "The insights provided by the additional efficacy endpoints in this Phase III clinical trial are an important supplement to clinicians' knowledge about the available treatment options for this population."
HOOD

Hot Stocks

18:54 EST Robinhood CEO sells $3.0M in common stock - In a regulatory filing, Robinhood CEO Vladimir Tenev disclosed the sale of 250,000 class A common shares of the company on January 4 at a price of $12.01 per share in a total transaction size of $3.0M.
ALPMY

Hot Stocks

18:35 EST FDA says it cannot approve Astellas BLA for zolbetuximab by PDUFA action date - Astellas Pharma announced the U.S. Food and Drug Administration (FDA) issued a complete response letter on January 4, 2024, regarding the Biologics License Application (BLA) for zolbetuximab, an investigational agent for the treatment of patients with locally advanced unresectable or metastatic human epidermal growth factor receptor 2 (HER2)-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma whose tumors are claudin (CLDN) 18.2 positive. The FDA stated that the agency cannot approve the BLA by the Prescription Drug User Fee Act (PDUFA) action date of January 12, 2024, due to unresolved deficiencies following its pre-license inspection of a third-party manufacturing facility for zolbetuximab. The FDA has not raised any concerns related to the clinical data, including efficacy or safety, of zolbetuximab, and is not requesting additional clinical studies. Astellas is working closely with the FDA and the third-party manufacturer to establish a timeline to quickly resolve the agency's feedback. No other Astellas products are affected.
GBX

Hot Stocks

18:33 EST Greenbrier announces organizational changes, CFO Downes step down - The Greenbrier Companies announced a new business operations organizational structure supporting its "Better Together" business strategy, unveiled at its April 2023 Investor Day. The streamlined organization is designed to drive organizational effectiveness, improve efficiency, leverage best practices and improve customer experience to drive greater shareholder value. The company also announced planned changes in the Chief Financial Officer role and the completion of a succession plan for the leadership of its Legal function. Greenbrier's structure now frames its operating activities in two distinct geographies: The Americas and Europe. Brian Comstock, a 26-year Greenbrier veteran with more than four decades of railway industry experience, assumes responsibility for all operations in The Americas, which includes the United States, Mexico, Canada and Brazil. William Glenn, who has spent more than 20 years at Greenbrier in various roles, assumes responsibility for all operations in Europe. Greenbrier's Board of Directors has appointed Comstock as Executive Vice President & President, The Americas and Glenn as Senior Vice President & President, Europe. Both Comstock and Glenn continue to report to Tekorius. In addition to Greenbrier's new business operations framework, Adrian Downes will step down as CFO on or about March 31, 2024. Downes continues as Greenbrier's Principal Financial Officer until he transitions to serve the company as a senior advisor to the CEO through March 2025. Greenbrier has begun a national search for its next CFO. On January 4, Greenbrier's Board appointed Christian Lucky as Senior Vice President, Chief Legal & Compliance Officer, reporting to Tekorius. Lucky's appointment completed a planned succession from Martin Baker, who served as CLO/CCO since 2008. Baker now serves as Senior Vice President, reporting to Tekorius.
PETS

Hot Stocks

18:01 EST PetMed Express names Leslie Campbell as chairman of the Board - PetMed Express announces the appointment of Leslie C. G. Campbell as Chairman of the Board effective January 5, 2024, as part of the company's ongoing Board composition and succession planning.
LMT

Hot Stocks

17:42 EST Lockheed Martin awarded $312M Navy contract - Lockheed Martin was awarded a $312M cost-plus-incentive-fee modification to a previously awarded, indefinite-delivery/indefinite-quantity contract to exercise options for design, qualification testing, and production of the submarine electronic warfare system, AN-BLQ-10, for Technical Insertion 20, 22, and 24. Work will be performed in Syracuse, New York, and is expected to be completed by February 2029. All funding will be made available at the delivery order level as contracting actions occur. Naval Sea Systems Command is the contracting activity.
PAA

Hot Stocks

17:34 EST Plains All American raises quarterly dividend to 31.75c from 26.75c per share - The dividend will be payable on February 14, 2024 to holders of the respective securities at the close of business on January 31, 2024.
SEAS

Hot Stocks

17:31 EST SeaWorld names Nathaniel Lipman to board - SeaWorld Entertainment announced its Board of Directors has elected Nathaniel J. Lipman to serve as a Director of the Company, effective January 2, 2024. Mr. Lipman served as Executive Chairman of CX Loyalty Holdings, Inc, formerly known as Affinion Group Holdings, Inc. from 2012 until November 2015, and as President and Chief Executive Officer from October 2005 to 2012.
HR

Hot Stocks

17:08 EST Healthcare Realty Trust completes $338M of asset sales during Q4 - Healthcare Realty Trust announced the completion of $338M of asset sales during the fourth quarter of 2023 bringing full year additional dispositions to $656M at an average cap rate of 6.6%. The full year additional dispositions resulted in proceeds of $597M as well as $59M of seller financing across three transactions, including $14M of seller financing in the fourth quarter. Proceeds were used for general corporate purposes, including the funding of development commitments and repayment of debt. The Company had no outstanding balance on its revolving credit facility as of December 31...The 2023 additional dispositions of $656M do not include the $112.5 M of asset sales in January 2023 that fully repaid the July 2022 merger-related special dividend.
JBLU

Hot Stocks

17:01 EST JetBlue CEO Robin Hayes to step down, Geraghty named successor - JetBlue Airways announced that Joanna Geraghty, currently the company's president and chief operating officer, will succeed Robin Hayes as chief executive officer, effective February 12, 2024. Hayes will continue to serve on the company's Board of Directors until that time, at which point Geraghty will join the Board. Hayes will serve as a strategic advisor to the company over the coming months. Hayes said: "It's bittersweet to retire from this airline I love, but I will always feel a part of the JetBlue team and be rooting for its continued success. For nearly 35 years - both at British Airways and here at JetBlue - I've loved working in this industry. However, the extraordinary challenges and pressure of this job have taken their toll, and on the advice of my doctor and after talking to my wife, it's time I put more focus on my health and well-being. I am deeply grateful for these many exciting years and I feel very lucky to have worked at an airline with a brand, culture, and team that are simply unlike any other in the world." Demand in December remained healthy while operational performance during the holidays remained strong. JetBlue expects fourth quarter 2023 results at the better end of the guidance ranges provided in its December 7, 2023 update, based on preliminary results. JetBlue will provide additional details on its earnings call on January 30, 2024.
TOL

Hot Stocks

16:56 EST Toll Brothers director sells $997K in common stock - In a regulatory filing, Toll Brothers disclosed that its director Paul Shapiro sold 10K shares of common stock on January 5th in a total transaction size of $997K.
MCHP

Hot Stocks

16:43 EST Microchip falls 4% to $82.50 after Q3 guidance cut - Shares of Microchip are down 4% or $3.14 to $82.50 after the company cut its Q3 revenue outlook to down 22% sequentially from down 15%-20% prior view. The guidance implies Q3 revenue of $1.76B, consensus $1.87B.
DENN

Hot Stocks

16:41 EST Denny's enters exclusive test agreement with Franklin Junction - Denny's Corporation has entered an expansive agreement with Franklin Junction," the global leader in branded virtual restaurants."The agreement provides that Franklin Junction will partner with at least 250 domestic Denny's restaurants providing geographic exclusivity for these restaurants to accelerate Denny's market presence through its innovative Host Kitchen platform. "Our off-premises sales channels are a unique strength for Denny's, and we are excited about the opportunity to further advance our leadership position in the market," said Kelli Valade, Denny's President and Chief Executive Officer. "This new partnership with Franklin Junction will allow us to deliver even more amazing guests experiences." "We are excited to collaborate with Denny's to host new virtual concepts through their vast restaurant footprint," said Rishi Nigam, CEO and Co-Founder of Franklin Junction. "With our groundbreaking Host Kitchen platform, we are revolutionizing the way restaurants expand market share, and this relationship marks an exciting milestone in our mission to redefine restaurant economics and the future of dining."
MXCT

Hot Stocks

16:40 EST MaxCyte jumps 13% to $5.19 after above-consensus Q4 pre-announcement
U

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16:36 EST Unity announces 25% workforce reduction - In a regulatory filing, Unity announced that it plans to reduce approximately 1,800 employee roles, or approximately 25% of its current workforce, as it restructures and refocuses on its core business, and to position itself for long-term and profitable growth. At this time, Unity cannot reasonably estimate the costs and charges in connection with this reduction, which it expects will be substantially incurred in the first quarter of 2024. The charges will primarily relate to employee transition, severance payments, and employee benefits.
CLPT

Hot Stocks

16:32 EST ClearPoint Neuro sees FDA clearance and launch SmartFrame OR in 2024 - Sees FDA clearance and launch SmartFrame OR for navigation and first revenue in the operating room; Launch full market release of the ClearPoint PRISM Neuro Laser Therapy System; Launch and deploy ClearPoint 2.2 Software with embedded ClearPoint Maestro and 1.2 Array Software with parallel trajectory tumor planning application to the installed base; Win first purchase orders for GLP ready pre-clinical services; Prototype demonstration of next generation software application for AI predictive modeling to pharma partners; Continue global expansion to achieve 100 ClearPoint sites by 2025; and"We are thrilled with our fourth quarter performance delivering record revenue of $6.8M, reflecting 32% growth, while meaningfully reducing our cash burn and gaining commitments for multiple new ClearPoint installations," commented Joe Burnett, President and CEO at ClearPoint Neuro."In 2024, we look forward to several new product introductions reflecting success with the strategic investments we have made to expand our leadership position, including the SmartFrame OR for our entrance into the operating room; the full market release of the PRISM laser therapy system; the integration of ClearPoint Maestro into our navigation software; and the expansion of our pre-clinical biologics and drug delivery services including GLP readiness. These represent four new potential revenue streams that we plan to add to our base business throughout the year." Management will be available for meetings in San Francisco during the J.P. Morgan Healthcare Conference from January 8-11, 2024.
HCP

Hot Stocks

16:32 EST HashiCorp names Michael Weingartner CPO, promotes Talha Tariq to CIO and CSO - HashiCorp announced that Michael Weingartner has joined HashiCorp as its first chief product officer, or CPO, and that Talha Tariq has been promoted to chief information officer, or CIO, and chief security officer, or CSO. Effective immediately, Weingartner and Tariq will both report to HashiCorp CEO Dave McJannet. In the newly created role, Weingartner will lead HashiCorp's R&D organization, where he will manage day-to-day operations and execution of the overall research and development product strategy across HashiCorp's entire product suite. Armon Dadgar will continue in his role as chief technology officer, where he interacts daily with HashiCorp customers and partners.
EXTR

Hot Stocks

16:32 EST Extreme Networks falls 7% to $16.25 after Q2 guidance cut
EXTR

Hot Stocks

16:32 EST Extreme Networks says Q2 outlook reflects industry channel digestion - CEO Ed Meyercord stated: "Our revised second fiscal quarter outlook reflects industry headwinds of channel digestion and elongated sales cycles. In late Q2, we saw multiple large deals pushing out to future quarters. We remain confident in our long-term strategy and our ability to achieve double-digit long-term revenue and EPS growth supported by competitive customer wins and the growth in our opportunity funnel. In addition, we've made significant progress advancing our strategic initiatives to launch our managed services commercial platform and unique subscription offering to large service providers."
EXTR

Hot Stocks

16:31 EST Extreme Networks names Norman Rice chief commercial officer - Extreme Networks announced it has strengthened and realigned its executive team. Norman Rice has been elevated to the role of Chief Commercial Officer. In his new role, Rice will focus on driving revenue growth and leading the company's sales, partner, services and supply chain organizations. Rice joined the company in 2015 and most recently served as Chief Operating Officer. During his tenure, he's architected successful go-to-market sales motions including building the company's stadium and venue business, orchestrating large opportunities with Verizon and Kroger, and managing the company through a complex macro supply chain environment. Extreme's Chief Revenue Officer Joe Vitalone has resigned from his position but will serve in an advisory role with the company to ensure a smooth transition.
ZUMZ

Hot Stocks

16:18 EST Zumiez total net sales decreased 4.4% for nine-week 'holiday' period YoY - Zumiez announced that the Company's total net sales decreased 4.4% for the nine-week period ended December 30, compared to the nine-week period ended December 31, 2022. During the same period comparable sales decreased 5.9%. From a regional perspective, quarter-to-date North America net sales decreased 6.6% from the prior year with comparable sales over this period down 6.3%. Other international net sales, which consists of Europe and Australia, increased 4.2% quarter to date with comparable sales down 4.2% over the same period. Excluding the impact of foreign currency translation, North America net sales decreased 6.6% and other international net sales increased 0.8% for the nine-week period compared to the prior year. During the nine-week period, men's posted positive comparable sales while all other categories were down in comparable sales from the prior year with Women's being the most negative category, followed by Hardgoods, accessories and Footwear.
JEF

Hot Stocks

16:18 EST Jefferies Financial Group falls 2% to $39.80 after Q4 earnings miss
ES

Hot Stocks

16:17 EST Eversource expects to record after-tax impairment charge of $1.4B-$1.6B in Q4 - Eversource Energy provided the following updates regarding its process to divest its 50% ownership interest in three offshore wind projects: South Fork Wind, Revolution Wind and Sunrise Wind. Eversource currently holds its share of these three projects in two separate joint venture partnerships with Orsted, one that holds only South Fork Wind and another that holds both Revolution Wind and Sunrise Wind. Eversource also separately holds a tax equity investment in South Fork Wind. As a result of these fourth quarter developments, Eversource expects to record an after-tax other-than-temporary impairment charge in the range of $1.4B to $1.6B in the fourth quarter of 2023. This range is an estimate and subject to change as Eversource prepares its financial statements for the year ended December 31, 2023. The impairment charge reflects the current estimate of the fair value of the projects and will not impact Eversource's future cash flows or its current cash balances. Eversource will continue to make future cash expenditures for required cash contributions to the JV projects up to the time of the sale of its interest in these projects.
AFMD

Hot Stocks

16:16 EST Affimed provides update on AFM24-102 Trial in EGFR-wildtype NSCLC - Affimed provided an update on the clinical response data for the ongoing AFM24-102 phase 1/2a study in EGFRwt NSCLC. As of January 4, 2024, updated information on the 4 responses in the 15 patients treated in the EGFRwt NSCLC cohort, now show 1 confirmed complete response CR , 2 confirmed partial responses PR and 1 unconfirmed PR awaiting confirmation. Initial data as presented on December 11, showed 1 confirmed PR as well as 1 unconfirmed CR, and 2 unconfirmed PRs. The patients enrolled in the Phase 1/2a AFM24-102 in the EGFRwt NSCLC cohort of the trial previously had a median of 2 prior lines of therapy, were heavily pretreated, and all patients had progressed on PD-[L]1 targeted therapy. Based on the promising response data from the EGFRwt NSCLC cohort, Affimed will expand enrollment to 40 patients. Additionally, the Company reported that enrollment of the EGFRmut NSCLC cohort is ongoing. Data from both cohorts are expected in H1 2024. "We are encouraged by the responses in these patients who had all progressed on PD1 targeting therapy and made the strategic decision to expand this patient cohort," said Dr. Andreas Harstrick, CMO and interim Chief Executive Officer of Affimed. "There is a significant unmet need for these patients who have exhausted all previous lines of therapy and did not respond to any therapies, including PD-1/PD-L1 treatment. We look forward to sharing more updates in the first half of 2024."
URBN

Hot Stocks

16:16 EST Urban Outfitters reports holiday sales increased 10% - Urban Outfitters announced net sales for the two and eleven months ended December 31, 2023. Total company net sales for the two months ended December 31, 2023, increased 10% compared to the two months ended December 31, 2022. Total Retail segment net sales increased 8%, with comparable retail segment net sales increasing 6%. The increase in retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. Comparable retail segment net sales increased 20% at Free People and 14% at Anthropologie and decreased 13% at Urban Outfitters. Wholesale segment net sales increased 15% driven by an increase in Free People wholesale sales primarily due to increases in sales to department stores and specialty accounts, partially offset by a decrease in Urban Outfitters wholesale sales. Nuuly segment net sales increased 71% primarily driven by a 58% increase in our subscribers versus the end of the prior year's comparable period. For the eleven months ended December 31, 2023, total company net sales increased 8% compared to the eleven months ended December 31, 2022. Total retail segment net sales increased 6%, with comparable retail segment net sales increasing 5%. The increase in retail segment comparable net sales was driven by high single-digit positive growth in digital channel sales and mid single-digit positive growth in retail store sales. Wholesale segment net sales decreased 4%, driven by a decrease in Free People wholesale sales primarily due to a decrease in sales to department stores. Nuuly segment net sales increased 92% primarily driven by a 58% increase in our subscribers versus the end of the prior year's comparable period. On a personnel note, the company announced Shea Jensen will be joining Urban as president of Urban Outfitters Brand, North America as of February 5. In this role, Shea will oversee merchandising, marketing, digital and retail operations for the Urban Outfitters brand in North America.
RKLB SPIR

Hot Stocks

16:12 EST Rocket Lab sets launch window for 'Four of a Kind' mission - Rocket Lab USA (RKLB) announced it has set the launch window for its first mission of 2024. The 'Four of a Kind' mission is scheduled to launch no earlier than January 18 between 19:15-20:00 NZT (January 18 between 06:15-07:00 UTC) from Rocket Lab Launch Complex 1 in New Zealand. The mission will deploy four Space Situational Awareness (SSA) satellites for Spire Global, Inc's (SPIR) customer NorthStar Earth & Space. NorthStar's satellites, built and operated by Spire, will be the first to simultaneously monitor all near-Earth orbits from space, delivering a radically enhanced level of SSA services to the global satellite community, with timely and precise information for space object detection, tracking, orbit determination, collision avoidance, navigation, and proximity alerts. As a secondary mission, Rocket Lab will be attempting to splash down and retrieve Electron's first stage as part of the Company's plan to evolve Electron into a reusable rocket. After launch and stage separation, Electron's first stage will return to Earth under a parachute and splash down in the Pacific Ocean several hundred kilometers down range from Launch Complex 1. Rocket Lab's recovery vessel will extract the stage from the water for transportation back to Rocket Lab's production complex where it will undergo detailed analysis. Rocket Lab is not launching any pre-flown engines as part of this mission.
NUVB

Hot Stocks

16:06 EST Nuvation Bio announces FDA clearance of IND application for NUV-1511 - Nuvation Bio announced that the U.S. Food and Drug Administration (FDA) has cleared its investigational new drug (IND) application to evaluate NUV-1511, the first clinical candidate from the company's novel drug-drug conjugate (DDC) platform. "This IND clearance expands our clinical pipeline and validates the approach of our proprietary DDC platform to design potent oncology-focused chimeric small molecules which combine tumor-targeting specificity with the anti-cancer activity of known oncology agents," said David Hung, M.D., Founder, President, and Chief Executive Officer of Nuvation Bio. "We believe NUV-1511 has the potential to provide favorable clinical benefit for patients with various solid tumors and we look forward to initiating the Phase 1/2 study."
RKLB

Hot Stocks

16:06 EST Rocket Lab selected by Space Development Agency for $515M contract - Rocket Lab USA announced it has been selected by and is under contract with the Space Development Agency (SDA) to design and build 18 Tranche 2 Transport Layer-Beta Data Transport Satellites (T2TL - Beta). Rocket Lab will act as prime contractor for the $515 million USD firm-fixed price agreement, leading the design, development, production, test, and operations of the satellites, including procurement and integration of the payload subsystems. The contract establishes Rocket Lab's position as a leading satellite prime contractor, providing supply chain diversity to the Department of Defense (DoD) through vertical integration. The contract comprises $489 million base plus $26 million of incentives and options and will be carried out by Rocket Lab National Security (RLNS), the Company's wholly owned subsidiary created to serve the unique needs of the U.S. defense and intelligence community and its allies. The SDA is procuring satellites in two-year "tranches" to build out a proliferated constellation in LEO to deliver needed space-based capabilities to the joint war fighter. The T2TL - Beta satellites, part of the Tranche 2 program, will be integrated into SDA's Transport Layer to provide assured, resilient, low-latency military data and connectivity worldwide to meet DoD needs.
BARK

Hot Stocks

16:01 EST Bark backs Q3 adjusted EBITDA view ($8M)-($5M)
AB

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16:01 EST AllianceBernstein names Jackie Marks as CFO, effective March 1 - AllianceBernstein announced that Jackie Marks has joined AB and will assume the role of CFO. This change will take effect March 1. Marks joins most recently from Conde Nast Publications, where she served as CFO.
NVT

Hot Stocks

16:00 EST nVent Electric names Martha Claire Bennett as Chief Marketing Officer - nVent Electric announced Martha Claire Bennett has joined the organization as Executive Vice President and Chief Marketing Officer. Bennett brings more than 25 years of global marketing experience with strong expertise in omnichannel marketing, brand management and vertical strategy. She most recently served as CMO and SVP of 3M's Safety and Industrial Business Group, where she led the global marketing function and broader community of marketing practice for the company's largest business group.
ACN

Hot Stocks

16:00 EST Accenture setting up generative AI studios in nine Asia Pacific, LatAm countries - Accenture announced it is setting up generative AI studios in nine countries across Asia Pacific and Latin America to respond to growing client interest in the technology. "Studios across Australia, Argentina, Brazil, Greater China, India, Japan, Mexico, Philippines and Singapore will connect clients with data and AI experts from Accenture, and ecosystem partners, ventures, and other strategic investments to enable rapid experimentation, co-creation and scaling of generative AI solutions using Accenture's responsible AI framework as a foundation... The studios will cater to a wide range of industry and functional needs, but each will also specialize in one or more industries including banking, insurance, telecommunications, public sector, manufacturing, renewable energy, chemicals and mining. The studios will be operational in January 2024, except in Argentina and Mexico which will join the network later this year," the company stated.
BLCO

Hot Stocks

14:56 EST Bausch + Lomb CFO says 2024 'an investment year' - Speaking during the JPMorgan Healthcare Conference earlier, Bausch + Lomb CFO Sam Eldessouky said in part: "I echo what [CEO] Brent [Saunders] said when -- I looked at many of the models out there, and I think you've done a nice job with how you thought about 2024 for us. And really the key comes down to if you start from the top line, you're starting down with how we think about the growth in the business, and we always said that we're going to be growing at or above market. So think about it. The markets are around the mid-single digits. But also the key decision, and that's part of the comments that we made in the last earnings call, was we're early days in the MIEBO launch, and we're early days. We're just closing in our transaction with XIIDRA. And we knew that based on the early data that we've seen, that there was something good with us, and we wanted to make sure that we're going to continue to invest behind it. So when you think about 2024 for us, it's an investment year. That's how I think about it. There's -- yeah. I think Brent mentioned it also in the last earnings call. This is our highest number of launches we've had in B + L history. So we're going to fuel those launches with investments. And as you start thinking about the margin, it is not going to be a lift, immediate lift from a year-to-year basis. It's going to be a steady growth of margin as you go forward." In afternoon trading, Bausch + Lomb shares are down 71c, or 4%, to $15.68.
BAESY

Hot Stocks

14:04 EST BAE to provide Mk 45 naval gun systems upgrade to Australian Navy frigates - BAE Systems was awarded a contract by the Commonwealth of Australia to upgrade existing Mk 45 Mod 2 naval gun systems on Anzac class frigates with a Common Control System. The upgrade modifies existing Mk 45 systems to eliminate obsolescence issues and extend the life of the gun system. The CCS upgrade replaces electronics on earlier Mk 45 Mod 1 and Mod 2 gun systems to be compatible with the Mk 45 Mod 4, the latest configuration used by the U.S. Navy. In addition to delivering commonality and interoperability with the U.S. Navy's gun systems, the upgrade will equip the Mk 45s with the capability to integrate future extended-range precision guided munitions, such as the hypervelocity projectile. Work on the contract will take place at the BAE Systems production facility in Louisville, Kentucky with the first delivery planned in early 2026.
AMZN PCRFY

Hot Stocks

13:56 EST New Panasonic smart TVs to carry Fire TV as operating system starting in 2024 - Starting in 2024, Panasonic (PCRFY) smart TVs will come with Amazon (AMZN) Fire TV built in. Panasonic announced a global collaboration with Amazon that will introduce new Panasonic smart TVs that carry Fire TV as its operating system starting this year. To kick off this collaboration, Panasonic unveiled two new flagship OLED TVs for 2024, the Z95A -- 65 inches and 55 inches -- and Z93A -- 77 inches -- smart TVs with Fire TV built in.Reference Link
DADA

Hot Stocks

13:47 EST Dada Nexus sinks after audit finds 'certain suspicious practices' - Dada Nexus announced earlier today that, in the course of its routine internal audit, "certain suspicious practices were identified that may cast doubt on certain revenues" from Dada's online advertising and marketing services, together with Dada's operations and support costs, for the first three quarters of 2023. The audit committee of Dada's board has determined to conduct an independent review with the assistance of independent professional advisers. "The Company has always been and will remain committed to maintaining high standards of corporate governance and internal controls, as well as transparent and timely disclosure in compliance with the applicable rules and regulations," it said in a regulatory filing. Shares of Dada Nexus are down 39% to $1.93 in afternoon trading.
AIR...

Hot Stocks

13:27 EST AAR says did not perform work on 737 MAX 9 mid-cabin exit door plug - AAR Corp. said it learned of the recent incident impacting the mid-cabin exit door plug of an Alaska Airlines Boeing 737 MAX 9 on January 5, that resulted in an emergency landing of the aircraft. The company said in a statement: "AAR did not perform any work on or near any mid-cabin exit door plug of that specific aircraft. AAR was contracted by Alaska Airlines to perform a 2KU Modification (Wi-Fi modification) on the aircraft that was performed from November 27 to December 7, 2023."
NAK

Hot Stocks

13:14 EST Northern Dynasty to evaluate legal options after Supreme Court decision - Northern Dynasty Minerals reports that the U.S. Supreme Court has denied Alaska's petition to review its claims that the EPA veto of the Pebble Project was illegal. John Shively, CEO of its 100%-owned U.S.-based subsidiary Pebble Limited Partnership made the following statement regarding the decision: "While it is a disappointing decision, it is important to note that this is not a comment on the arguments put forward by the state. We have long stated our belief that the EPA has acted outside of its regulatory authority and that remains our position today. The legal issues raised by the state will now work their way through the federal courts. We will also evaluate our legal options in contesting the extraordinary steps the EPA has taken to preemptively stop the Pebble Project. Pebble is an important project for Alaska and the nation. It could create jobs for Alaskans, provide an economic catalyst for the state and provide a much-needed source of critical minerals for the long-term safety and security of the United States."
EWTX...

Hot Stocks

13:02 EST Edgewise, Caribou higher after WSJ report of Cytokinetics buyout
NUBI

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12:52 EST Nubia Brand International Corp trading resumes
MCAF

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12:49 EST Mountain Crest Acquisition Corp IV trading resumes
NUBI

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12:47 EST Nubia Brand International Corp trading halted, volatility trading pause
PODD

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12:44 EST Insulet recalls Omnipod 5 Android app over software error, FDA says - The FDA announced that Insulet recalled its Omnipod 5 Android app due to a software error when the user enters a bolus amount less than 1 unit without putting a leading zero before the decimal point. The FDA has identified this as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death, the agency said in a statement. Due to this error, when entering a bolus dose of insulin less than 1 unit, the SmartBolus calculator does not register the decimal point if it is the first character entered. There have been 2 reported injuries. There have been no reports of death. Reference Link
QDEL

Hot Stocks

12:40 EST QuidelOrtho: Will endeavor to preannounce 'when it makes sense' - QuidelOrtho, which did not preannounce quarterly results, commented at the JPMorgan Healthcare Conference that the company has historically preannounced "when we have something that's materially different than you think," and that it will endeavor to preannounce "when we think it makes sense." While Savanna was "an important thing to preannounce," the company said it announced that "a week or so ago, so we didn't see a need to do that."
MDT

Hot Stocks

12:40 EST Medtronic announces FDA approval of Percept RC DBS system - Medtronic announced the Food and Drug Administration approval of its Percept RC Deep Brain Stimulation system. The Percept family is the only sensing-enabled deep brain stimulation system on the market, allowing the physician to personalize treatment for patients with movement disorders such as Parkinson's disease, essential tremor, and dystonia as well as epilepsy, the company said in a statement.
ONON

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12:25 EST On Holding off highs after saying will not partner with Tiger Woods - The stock remains up 5% to $27.93 in midday trading.
MCAF

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12:14 EST Mountain Crest Acquisition Corp IV trading halted, volatility trading pause
MSFT

Hot Stocks

12:11 EST Qcells announces expansion of strategic alliance with Microsoft - Qcells announced an eight-year strategic alliance with Microsoft Corp., a global technology company that solidifies Microsoft as one of the world's largest purchasers of renewable energy. In its largest module and engineering, procurement and construction services agreement to date, Qcells will supply Microsoft with 12 gigawatts of solar modules and EPC services over an 8-year period - the equivalent to powering more than 1.8M homes annually. This includes a 2.5 GW module and EPC services commitment previously announced in January 2023. Qcells is working on building a strong and secure U.S. solar supply chain while producing sustainably-made solar modules. Microsoft continues to invest in purchasing renewable energy and other efforts to meet its sustainability goals of being carbon negative, water positive and zero waste by 2030. With those goals, the two companies will collaborate to bring an estimated 1.5 GW of solar panels a year to projects Microsoft has contracted through 2032. "We are pleased to be a part of such a substantial commitment that will accelerate the global shift to renewable energy solutions. Qcells is uniquely positioned to ally with Microsoft towards creating a clean, sustainable future because of our investment in building an American-made solar supply chain," said Justin Lee, CEO of Qcells. "We look forward to expanding renewable energy frontiers together today and tomorrow."
BTB

Hot Stocks

12:04 EST Bit Brother Limited anounces 1-for-1,000 reverse share split - Bit Brother announced that a 1 for 1,000 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's board of directors on November 14, 2023 and is expected to become effective on or around January 10, 2024. Upon the effectiveness of the reverse share split, Bit Brother shareholders will receive one new Class A ordinary share of Bit Brother for every thousand shares they hold. Bit Brother's Class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on January 10, 2024. The reverse share split is expected to lead Bit Brother's Class A ordinary shares to trade at approximately one thousand times the price per share at which it trades prior to the effectiveness of the reverse share split. Bit Brother, however, cannot assure that the price of its Class A ordinary shares after the reverse split will reflect the 1 for 1,000 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price. There will be no changes to Bit Brother's Amended and Restated Articles and Memorandum of Association in connection with the reverse share split. As of January 8, 2024, there were approximately 3.8 Billion of Bit Brother's Class A ordinary shares outstanding. Effecting the 1 for 1,000 reverse split will reduce that amount to approximately 3.8 Million Class A ordinary shares outstanding.
ZEN

Hot Stocks

12:02 EST Zendesk acquires quality management platform Klaus - Zendesk announced it has signed a definitive agreement to acquire Klaus, an artificial intelligence-powered quality management platform. "With Klaus, Zendesk customers will be able to deliver consistent, high quality service across every channel and across both human and digital agents (bots) - all while unlocking the power of everyday customer interactions to increase loyalty," the company said in a statement. Terms of the deal were not disclosed.
BHG

Hot Stocks

12:00 EST Bright Health falls -10.5% - Bright Health is down -10.5%, or -$1.20 to $10.27.
ZIM

Hot Stocks

12:00 EST ZIM Integrated falls -12.1% - ZIM Integrated is down -12.1%, or -$1.77 to $12.82.
DTC

Hot Stocks

12:00 EST Solo Brands falls -36.6% - Solo Brands is down -36.6%, or -$2.16 to $3.74.
OGN

Hot Stocks

12:00 EST Organon rises 11.1% - Organon is up 11.1%, or $1.60 to $16.01.
UFI

Hot Stocks

12:00 EST Unifi rises 12.5% - Unifi is up 12.5%, or 81c to $7.27.
WWW

Hot Stocks

12:00 EST Wolverine World Wide rises 17.5% - Wolverine World Wide is up 17.5%, or $1.35 to $9.09.
NVS MRK

Hot Stocks

11:58 EST Novartis to acquire Calypso Biotech for $250M upfront, up to $175M in milestones - Calypso Biotech BV, a spin-out from Merck (MRK) that identifies itself as "a leader in the development of Interleukin15 targeted therapies," announced that it has entered into an agreement to be acquired by Novartis AG (NVS). Calypso's shareholders will receive an upfront payment of $250M upon closing and are eligible to receive development milestones of up to $175M based on the achievement of certain predetermined milestones. Calypso is focused on the research and development of monoclonal antibodies for an array of autoimmune indications, with an expertise in IL-15 biology. "IL-15 is a broad, untapped immune axis that controls barrier function and downstream immune cascades in many chronic autoimmune diseases. Calypso's lead product candidate, CALY-002, is a potential best-in-class therapeutic antibody that binds to and neutralizes Interleukin-15," the company stated. "The acquisition gives Novartis full rights to CALY-002. Novartis intends to further explore CALY-002 across a wide variety of autoimmune indications with high unmet medical need. CALY-002 is currently evaluated in a Phase 1b trial in patients with Celiac Disease and Eosinophilic Esophagitis," the company added. Reference Link
SRPT

Hot Stocks

11:56 EST Sarepta reports preliminary FY23 net product revenue $1.145B - Fourth quarter and full-year 2023 net product revenue for ELEVIDYS are expected to be approximately $131.3M and $200.4M, respectively. Sarepta's expected net product revenue does not include collaboration revenue. Fourth quarter and full-year 2023 net product revenue for Sarepta's RNA-based PMOs are expected to be approximately $234.3M and $945M, respectively. Sarepta's expected net product revenue does not include collaboration revenue. As of December 31, 2023, the company had preliminary cash, cash equivalents, restricted cash and investments of approximately $1.7B. "2023 was a consequential year for Sarepta and the patients we serve, highlighted by the approval, launch and performance of ELEVIDYS, the first gene therapy to treat Duchenne, and the continued performance of our PMOs, EXONDYS 51, VYONDYS 53, and AMONDYS 45," said Doug Ingram, president and chief executive officer, Sarepta Therapeutics.
NVS

Hot Stocks

11:50 EST SanReno Therapeutics acquired by Novartis - On January 5, SanReno Therapeutics, a clinical-stage company specializing in the discovery, development, and commercialization of innovative therapies for kidney diseases, announced its acquisition by Novartis. Following the acquisition's closure, SanReno becomes an indirect, wholly-owned subsidiary of Novartis. The founding investors of SanReno, including Pivotal bioVenture Partners China, Frazier Life Sciences, Samsara BioCapital, and Versant Ventures, have sold their equity securities in SanReno, the company noted. "Established in late 2021 as a joint venture between the investor consortium and Chinook Therapeutics (now part of Novartis), SanReno holds exclusive rights in Greater China and Singapore for two late-stage assets targeting Immunoglobulin A Nephropathy: atrasentan and zigakibart. Atrasentan, an oral endothelin A receptor antagonist, is presently undergoing Phase 3 development for IgAN. It demonstrated clinically meaningful and highly statistically significant proteinuria reduction at the 36-weeks interim analysis, successfully meeting the primary endpoint of its Phase 3 study. Zigakibart, a subcutaneously administered monoclonal antibody targeting APRIL - A Proliferation Inducing Ligand - obtained approval from China CDE for entry into the Phase 3 study in October 2023. Completed within the first two years of SanReno's formation, this acquisition is one of the few transactions where a Chinese biotech company has been acquired by a multinational pharmaceutical company. The transaction underscores China's substantial market potential within the global renal market and is in strategic alignment with the Novartis commitment to pioneering innovative therapies for kidney diseases," SanReno stated.
NVDA...

Hot Stocks

11:22 EST Nvidia announces GeForce RTX SUPER desktop GPUs, RTX-accelerated AI software - At CES, Nvidia (NVDA) announced GeForce RTX SUPER desktop GPUs for "supercharged generative AI performance," new AI laptops from "every top manufacturer," and new NVIDIA RTX-accelerated AI software and tools for both developers and consumers, the company reported. "Building on decades of PC leadership, with over 100 million of its RTX GPUs driving the AI PC era, NVIDIA is now offering these tools to enhance PC experiences with generative AI: NVIDIA TensorRT acceleration of the popular Stable Diffusion XL model for text-to-image workflows, NVIDIA RTX Remix with generative AI texture tools, NVIDIA ACE microservices and more games that use DLSS 3 technology with Frame Generation," Nvidia stated. "The new GeForce RTX 40 SUPER Series graphics cards, also announced today at CES, include the GeForce RTX 4080 SUPER, 4070 Ti SUPER and 4070 SUPER for top AI performance. The GeForce RTX 4080 SUPER generates AI video 1.5x faster - and images 1.7x faster - than the GeForce RTX 3080 Ti GPU. The Tensor Cores in SUPER GPUs deliver up to 836 trillion operations per second, bringing transformative AI capabilities to gaming, creating and everyday productivity. Leading manufacturers - including Acer, ASUS, Dell, HP, Lenovo, MSI, Razer and Samsung - are releasing a new wave of RTX AI laptops, bringing a full set of generative AI capabilities to users right out of the box. The new systems, which deliver a performance increase ranging from 20x-60x compared with using neural processing units, will start shipping this month," the company added.
BRKR

Hot Stocks

11:20 EST Bruker sees 'solid' organic revenue growth, adjusted EPS growth for FY24
BRKR

Hot Stocks

11:19 EST Bruker to give FY24 guidance in early February on Q4 earnings call
BHC

Hot Stocks

11:19 EST Bausch Health reports Court of Appeals heard oral arguments on patent dispute - Bausch Health and its gastroenterology business Salix Pharmaceuticals announced that, as scheduled, oral arguments were heard today at the U.S. Court of Appeals for the Federal Circuit in the matter of "Salix Pharmaceuticals, LTD et al v. Norwich Pharmaceuticals, Inc." As expected, no ruling was issued by the Court following these oral arguments, the company stated. "We were pleased to have had the opportunity to present our oral arguments to the Court of Appeals today," Thomas Appio, Chief Executive Officer said. "We look forward to the Court's decision in due course. We will continue to advocate for the safety of patients who have benefited from continued access to XIFAXAN, and look forward to continuing to serve those patients."
NKE ONON

Hot Stocks

11:14 EST Tiger Woods thanks Nike for partnership, 'certainly' sees another chapter - Tiger Woods stated in a post to Twitter: "Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in the world... Phil Knight's passion and vision brought this Nike and Nike Golf partnership together and I want to personally thank him, along with the Nike employees and incredible athletes I have had the pleasure of working with along the way. People will ask if there is another chapter. Yes, there will certainly be another chapter. See you in LA!" Reference Link
CRNC VWAGY

Hot Stocks

11:02 EST Cerence to partner with VW on 'automotive-grade ChatGPT integration' - Cerence (CRNC) and Volkswagen (VWAGY) announced that they are partnering to deliver "a uniquely intelligent, automotive-grade ChatGPT integration to Volkswagen drivers." The companie said: "Volkswagen will leverage Cerence's new, generative AI-powered Cerence Chat Pro to enable drivers and passengers to engage the in-car assistant in fun and conversational chit-chat, leveraging a multitude of sources, including ChatGPT, to provide accurate and relevant responses to nearly every query imaginable... Looking toward the future, Volkswagen and Cerence will explore collaboration to design a new, large language model-based user experience as the basis of Volkswagen's next-generation in-car assistant. This unique user experience will combine voice and touch, allowing users to perform tasks across different applications in a single conversational thread for a safer and more joyful driving experience. The system will be built on Cerence's first-of-its-kind, automotive-grade LLM fine-tuned with the company's extensive automotive dataset."
BB

Hot Stocks

11:01 EST BlackBerry launches QNX Sound platform - BlackBerry announced the launch of QNX Sound, a development platform that decouples audio and acoustics software from the vehicle hardware to give audio designers and engineers creative freedom. "QNX Sound enables automakers to consolidate all audio and acoustic functions seamlessly and cost-effectively within the main software stack of the software-defined vehicle architecture, using pre-integrated and pre-tested core technologies," BlackBerry said in a statement.
BMY

Hot Stocks

10:51 EST Bristol Myers sees low to mid single digit revenue CAGR 2020-2025 - Sees low double digit revenue CAGR ex-Rev/Pom from 2020-2025. Sees $8B-$10B growth from in-line brands from 2020-2025. Sees more than $10B revenue from new product portfolio in 2026. Sees operating margin target more than 37% through 2025. Sees $25B NRA for nine new product portfolio in 2030. Comments taken from investor presentation slides.
BMY

Hot Stocks

10:49 EST Bristol Myers reaffirms all financial targets
VST

Hot Stocks

10:47 EST TXU Energy enters multi-year partnership with University of Houston system - TXU Energy has entered a multi-year partnership to provide electricity to the entire University of Houston System, including all four university campuses, all UH instructional sites, and more than a dozen athletic facilities and venues. The contract is designed to meet the unique needs of a system serving more than 75,000 students, with an investment in scholarships and significant rebates for energy efficiency projects.
PFE

Hot Stocks

10:36 EST Pfizer's Talezenna in combination with Xtandi approved by European Commission - Pfizer announced that the European Commission has approved TALZENNA, an oral poly ADP-ribose polymerase inhibitor, in combination with XTANDI, for the treatment of adult patients with metastatic castration-resistant prostate cancer in whom chemotherapy is not clinically indicated. With this approval, TALZENNA is now the first and only PARP inhibitor licensed in the European Union for use with XTANDI for patients with mCRPC, with or without gene mutations. This approval by the European Commission of TALZENNA in combination with XTANDI for the mCRPC indication is valid in all 27 EU member states plus Iceland, Liechtenstein, and Norway. The approval is based on data from the Phase 3 TALAPRO-2 trial, a multicenter, randomized, double-blind, placebo-controlled study, evaluating two mCRPC patient cohorts: Cohort 1 and Cohort 2. The results from TALAPRO-2 Cohort 1, which were published in The Lancet, showed that treatment with TALZENNA plus XTANDI reduced the risk of disease progression or death by 37% versus placebo plus XTANDI, meeting the study's primary endpoint of improving radiographic progression-free survival. At the time of the analysis, the median rPFS for those treated with TALZENNA plus XTANDI had not yet been reached versus 21.9 months for those treated with placebo plus XTANDI. Median rPFS is defined as the timepoint in which 50% of patients in each treatment arms have progressed. A trend in overall survival, a key secondary endpoint, favoring TALZENNA plus XTANDI was also observed, though these data are immature. The safety of TALZENNA plus XTANDI in the TALAPRO-2 trial was generally consistent with the known safety profile of each medicine. TALZENNA in combination with XTANDI was approved by the U.S. FDA for the treatment of adult patients with HRR gene-mutated mCRPC in June 2023. Pfizer has also shared the TALAPRO-2 data with other regulatory agencies to support regulatory filings.
PTN

Hot Stocks

10:35 EST Palatin provides corporate update, outlines CY24 milestones - Palatin Technologies provided a corporate update, highlighted the company's key calendar year 2023 accomplishments and outlined its anticipated calendar year 2024 clinical development milestones. "We made significant operational progress during calendar year 2023 and we believe we are well-positioned for making calendar year 2024 a pivotal and transformative year for Palatin," said Carl Spana, Ph.D., President and CEO of Palatin. "Our internal research and development efforts are focused in areas where we believe we have a high probability of success, product differentiation and the opportunity for a substantial return on our investment. Topline data readout for our Phase 3 PL9643 clinical study for DED is expected early in the first quarter of calendar year 2024. Our Phase 2 study of oral PL8177 in patients with UC is expected to have an interim analysis data readout in the first quarter and topline trial results in the second quarter of calendar year 2024." Dr. Spana further commented, "We are excited by the significant opportunity of melanocortin-based therapeutics for obesity treatment and believe we are well positioned to deliver selective and efficacious MCR4 long-acting peptides and orally active small molecules. We expect to commence a Phase 2 clinical study of a MCR4 agonist plus a GLP-1 in obese patients in the first quarter of calendar year 2024. In addition, following on our significant expertise in product development to treat sexual dysfunction, we expect to commence a Phase 2 clinical study evaluating bremelanotide co-formulated with a PDE5i for the treatment of ED in patients that do not respond to PDE5i monotherapy in the first quarter of calendar year 2024."
AMD

Hot Stocks

10:33 EST AMD unveils Ryzen 8000G series desktop processors - Ahead of CES 2024, AMD announced new products expanding its desktop portfolio. AMD is introducing the new AMD Ryzen 8000G Series desktop processors for the AM5 platform, including the Ryzen 7 8700G. AMD is also bringing the power of a dedicated AI neural processing unit to desktop PC processors for the first time with the introduction of Ryzen AI to unlock more AI capabilities for consumers and improve productivity, efficiency, and advanced collaboration. "AMD continues to lead the AI hardware revolution by offering the broadest portfolio of processors with dedicated AI engines in the x86 market," said Jack Huynh, senior vice president and general manager, Computing and Graphics Group at AMD. "Last year at CES, we introduced the first dedicated AI engine in an x86 processor for the mobile market. This year, we are expanding our AI leadership to desktop computing through our Ryzen 8000G Series processors. We're excited to lead the AI PC era together with our close OEM and ecosystem partners."
AMD

Hot Stocks

10:32 EST AMD unveils AMD Radeon RX 7600 XT graphics card - Ahead of CES 2024, AMD introduced the AMD Radeon RX 7600 XT, a "high-performance, feature-rich graphics card designed to power demanding games and content creation applications today and for years to come. The AMD Radeon RX 7600 XT graphics card is an ideal upgrade solution for gamers, offering fast, smooth, and visually stunning gaming and raytracing experiences at 1080p and beyond. Additionally, featuring 16GB of high-speed GDDR6 memory it unleashes users' creativity in next-gen AI and content creation workloads."
SDGR LLY

Hot Stocks

10:07 EST Schrodinger announces expanded software agreement with Eli Lilly - Schrodinger (SDGR) earlier provided an update on its progress across the business and announced its development and operational goals for 2024. Schrodinger announced an expanded, three-year, software agreement with Eli Lilly and Company (LLY). The three-year agreement builds on the collaboration established in 2022. The agreement provides Lilly with large-scale access to Schrodinger's full suite of technologies to enable and accelerate all stages of drug discovery, from target enablement and assessment of target druggability to hit discovery and lead optimization activities through development candidate identification. Schrodinger will provide advanced support to ensure full integration and optimization of the platform across Lilly's research sites. Schrodinger highlighted several 2023 achievements: Presented initial results from the healthy volunteer study of SGR-1505, its MALT1 inhibitor; Advanced the Phase 1 study of SGR-1505 in patients with advanced B-cell malignancies, including expanding the study at additional sites in the U.S. and Europe; Received FDA orphan drug designation for SGR-1505 in mantle cell lymphoma; Received IND clearance for SGR-2921, its CDC7 inhibitor, and initiated a Phase 1 study in patients with AML and MDS. Schrodinger outlined the following development and operational goals for 2024: Advance the Phase 1 study of SGR-1505 in advanced B cell malignancies to enable initial data release in late 2024 or 2025; Advance the Phase 1 study of SGR-2921 in patients with AML/MDS to enable initial data release in late 2024 or 2025; Submit the IND application for SGR-3515 in the first half of 2024 and initiate a Phase 1 study in 2024; Advance the discovery-stage proprietary pipeline to enable an additional IND submission in 2025.
PRTA...

Hot Stocks

10:05 EST Prothena remains on track with partnered programs, provides updates - Prothena Corporation earlier provided a business update on portfolio programs. PRX012, a wholly-owned potential best-in-class, next-generation subcutaneous antibody for the treatment of AD that targets a key epitope at the N-terminus of amyloid beta with high binding potency. The U.S. FDA has granted Fast Track Designation for PRX012 for the treatment of AD. Ongoing Phase 1 trial continues as planned and expect to update in 2024. BMS-986446, a potential best-in-class antibody for the treatment of AD that specifically targets a key epitope within the microtubule binding region of tau, a protein implicated in the causal human biology of AD. BMS-986446 is part of a Global Neuroscience Research and Development Collaboration with Bristol Myers Squibb (BMY). Bristol Myers Squibb reported that Phase 1 data supports rapidly moving BMS-986446 into a Phase 2 clinical trial in 1H 2024. A Phase 1 timeline update for PRX123 is expected in 2024 in order to optimize capital allocation across robust clinical portfolio. Roche (RHHBY) completed enrollment for the Phase 2b PADOVA clinical trial in patients with early PD; topline results expected in 2024. Patient enrollment remains on track for Birtamimab and a re-estimation, based on a predetermined number of mortality events, has full topline study results expected between 4Q 2024 and 2Q 2025. An interim analysis for overwhelming efficacy will be performed when approximately 50% of the events have occurred. At December 31, 2023, Prothena had cash, cash equivalents, and restricted cash of approximately $621M. Cash on hand provides sufficient capital which takes Prothena beyond the completion of its ongoing clinical trials.
KOLD

Hot Stocks

10:00 EST ProShares UltraShort Bloomberg Natural Gas rises 7.8% - ProShares UltraShort Bloomberg Natural Gas is up 7.8%, or $5.98 to $82.28.
SCO

Hot Stocks

10:00 EST Scor ADR rises 8.5% - Scor ADR is up 8.5%, or $1.68 to $21.45.
WWW

Hot Stocks

10:00 EST Wolverine World Wide rises 10.1% - Wolverine World Wide is up 10.1%, or 78c to $8.51.
GCO

Hot Stocks

10:00 EST Genesco falls -10.3% - Genesco is down -10.3%, or -$3.19 to $27.87.
SPR

Hot Stocks

10:00 EST Spirit AeroSystems falls -14.2% - Spirit AeroSystems is down -14.2%, or -$4.52 to $27.21.
DTC

Hot Stocks

10:00 EST Solo Brands falls -32.7% - Solo Brands is down -32.7%, or -$1.93 to $3.97.
SLDB

Hot Stocks

09:57 EST Solid Biosciences trading resumes
VERB

Hot Stocks

09:52 EST VERB's MARKET.live adds five cosmetic brands to livestream shopping platform - Verb Technology Company announces the addition of five dynamic new brands favored by the 'U40' demographic.Meet the Newest Additions to MARKET.live: Planet Beauty; Half Cakes; Gunas; Gleam Eyewear; Johnny Fly.
MULN

Hot Stocks

09:50 EST Mullen Automotive submits grant funding opportunity to DOE - Mullen Automotive announces its subsidiary Mullen Advanced Energy submitted a Concept Paper in response to the U.S. Department of Energy Funding Opportunity for Battery Materials. Established on Nov. 13, 2023, via the current administration, the program announces up to $3.5B from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide. The program is designed to provide grants for battery materials processing to ensure that the United States has a viable battery materials processing industry. Mullen's Concept Paper submission details the Company's plan to produce approximately 150,000 battery packs domestically through calendar year 2032 to support Mullen's EVs, currently assembled in the U.S. at the Company's Tunica, Mississippi-based plant. The plan projects to reduce current battery costs by over 20%. As the single largest material cost, those savings will make a significant contribution to Mullen's competitiveness. The Concept Paper seeks a $50M DOE grant to support capital investment to be used for plant equipment and tooling to maximize capacity for manufacturing battery modules and packs for electric vehicles, industrial, energy storage and consumer applications at Mullen's new 122,000-square-foot high-energy facility in Fullerton, California. On Nov. 13, 2023, Mullen announced its new high-energy facility in Fullerton, with focus on EV battery pack development and production. This new Southern California facility is dedicated to producing next-generation American-made EV battery packs, a critical component to the Company's commitment to zero emissions. Mullen's Concept Paper is the first step before the Company submits its formalized application for the DOE funding opportunity. Mullen's formal submission is expected to take place on or before March 19, 2024.
SPR

Hot Stocks

09:47 EST Spirit AeroSystems falls -13.9% - Spirit AeroSystems is down -13.9%, or -$4.41 to $27.32.
SLDB

Hot Stocks

09:47 EST Solid Biosciences trading halted, volatility trading pause
GCO

Hot Stocks

09:47 EST Genesco falls -17.7% - Genesco is down -17.7%, or -$5.49 to $25.57.
DTC

Hot Stocks

09:47 EST Solo Brands falls -33.9% - Solo Brands is down -33.9%, or -$2.00 to $3.90.
KOLD

Hot Stocks

09:47 EST ProShares UltraShort Bloomberg Natural Gas rises 8.0% - ProShares UltraShort Bloomberg Natural Gas is up 8.0%, or $6.09 to $82.39.
SCO

Hot Stocks

09:47 EST Scor ADR rises 8.3% - Scor ADR is up 8.3%, or $1.65 to $21.42.
INSP

Hot Stocks

09:47 EST Inspire Medical rises 10.4% - Inspire Medical is up 10.4%, or $18.34 to $193.99.
KSCP

Hot Stocks

09:42 EST Knightscope receives new orders from City Hall, reseller - Knightscope announces its first order from a Texas municipality for one of its K1 Blue Light E-Phones to be installed at City Hall. Knightscope Authorized Partner Transportation Solutions & Lighting, Safety and Security Division - National Safety Systems also continues to grow its Knightscope business with 7 K1 Retrofit Kits to replace competitive products at a North Carolina College.
CDIO

Hot Stocks

09:41 EST Cardio Diagnostics announces grant of patent in India - Cardio Diagnostics announced that India's Patent Office has granted a patent to the University of Iowa Research Foundation, or UIRF, under patent number 484488, titled "A Kit for Determining Methylation Status of a CpG Dinucleotide and a Genotype of a Single Nucleotide Polymorphism." The patent was exclusively licensed to the Company from the University of Iowa Research Foundation, or UIRF. It was co-invented by Cardio Diagnostics' founders, Meesha Dogan and Robert Philibert, the CEO and chief medical officer of the Company, respectively.
ATRA

Hot Stocks

09:38 EST Atara Biotherapeutics sells 27.272M shares at 55c in registered direct offering - Atara Biotherapeutics announced that it has entered into a definitive agreement for the issuance and sale of pre-funded warrants to purchase 27,272,727 shares of its common stock at a purchase price of 55c per pre-funded warrant share in a registered direct offering to entities affiliated with an existing institutional investor. The pre-funded warrants will have an exercise price of $0.0001 per share, and will be immediately exercisable upon issuance. The offering is expected to close on or about January 10, 2024, subject to the satisfaction of customary closing conditions. The gross proceeds to Atara from the offering are expected to be $15M, before deducting estimated offering expenses payable by Atara. Atara currently intends to use the net proceeds from the offering for working capital and general corporate purposes.
GRMN YAMHF

Hot Stocks

09:37 EST Garmin to provide motorcycle infotainment solutions to Yamaha Motor - Garmin (GRMN) will provide infotainment systems to select Yamaha (YAMHF) motorcycles and smart scooters. Featuring Bluetooth connectivity, media integration and enhanced navigation functionality, the Garmin Automotive OEM solutions will support Yamaha Motor's Connected Vision program that seeks to attain 100% vehicle connectivity.
SMMT

Hot Stocks

09:36 EST Summit Therapeutics provides update on development of ivonescimab - Summit Therapeutics announced updates to the development of ivonescimab, as well as near-term corporate catalysts that it will present at the 42nd Annual J.P. Morgan Healthcare Conference on Tuesday, January 9 in San Francisco, California. AK112-201 is an open-label Phase II study evaluating ivonescimab plus chemotherapy across three cohorts of patients. In part, data generated from this trial has supported Summit's decision to advance ivonescimab into two global Phase III clinical trials. Updated data includes patients from Cohorts 1 & 2 of this study: Cohort 1: Patients with first line advanced or metastatic non-small cell lung cancer, or NSCLC, without actionable genomic alterations. The updated data centers on the 63 patients whose tumors are of squamous histology. Cohort 2: Patients with second or third line advanced or metastatic NSCLC whose tumors are positive for EGFR mutations and have progressed following an EGFR tyrosine kinase inhibitor. Notably, the estimated one-year overall survival rate was 85.6%, and the two-year overall survival rate was 64.8% for patients in Cohort 1 with squamous histology NSCLC. After a median follow-up time of 21 months, the median overall survival, or OS, was not reached. The frequency of treatment-related adverse events, or TRAEs, leading to discontinuation of ivonescimab was 11%; there were no TRAEs leading to the death of a patient. The most frequent treatment-emergent adverse events were anemia, decreased neutrophil counts, and decreased white-blood cell counts. The 19 patients in Cohort 2, primarily second or third line patients with EGFRm NSCLC, demonstrated a median overall survival of 22.5 months. After a median follow-up time of 25.8 months, the estimated one-year overall survival rate was 74%. Ivonescimab had an acceptable safety profile in combination with platinum-doublet chemotherapy for patients with advanced or metastatic NSCLC who had progressed following an EGFR-TKI. There were no TRAEs leading to permanent discontinuation of therapy or patient death. AK112-201 is a clinical trial that is sponsored and conducted in China by our collaboration and licensing partner, Akeso. The aforementioned data related to AK112-201 was generated and analyzed by Akeso. Summit is enrolling patients in two global Phase III clinical trials involving ivonescimab: HARMONi intends to evaluate ivonescimab combined with chemotherapy compared to a placebo plus chemotherapy in patients with EGFR-mutated, locally advanced or metastatic non-squamous NSCLC who have progressed after treatment with a third-generation EGFR TKI and HARMONi-3 is designed to evaluate ivonescimab combined with chemotherapy compared to pembrolizumab combined with chemotherapy in patients with 1L metastatic squamous NSCLC.
CAT CRH

Hot Stocks

09:35 EST Caterpillar, CRH announce strategic agreement for electric off-highway trucks - Caterpillar (CAT) announced it has signed an electrification strategic agreement with CRH (CRH) to advance the deployment of Caterpillar's zero-exhaust emissions solutions. "CRH is the number one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. The agreement is focused on accelerating the deployment of Caterpillar's 70 to 100-ton-class battery electric off-highway trucks and charging solutions at a CRH site in North America. Through the agreement, CRH will participate in Caterpillar's Early Learner program for battery electric off-highway trucks, testing and validating the units in real-world applications. CRH will also provide voice of customer feedback to address safety, performance, operational and compliance requirements for the aggregates industry," the company stated.
CDNS

Hot Stocks

09:31 EST Cadence Design acquires Invecas - Cadence Design announced that it has acquired Invecas, headquartered in Santa Clara, California. The purchase adds a system design engineering team to Cadence, with expertise in providing customers with custom solutions across chip design, product engineering, advanced packaging and embedded software.
TRNO

Hot Stocks

09:30 EST Terreno Realty acquires industrial property in Washington for $6.5M - Terreno Realty acquired an industrial property located in Bellevue, Washington on January 5 for a purchase price of approximately $6.5M. The property consists of one industrial distribution building containing approximately 16,000 square feet on 1.8 acres. The property is vacant and the estimated stabilized cap rate is 5.8%.
UG

Hot Stocks

09:29 EST United-Guardian appoints Kolinski as company's newest director - United-Guardian announced that the company's Board of Directors has appointed Catherine Joy Kolinski as the company's newest director. Kolinski has more than 30 years of experience in the personal care, pharmaceutical and industrial sectors.
TGEN

Hot Stocks

09:29 EST Tecogen launches self-learning intelligent control for cogeneration systems - Tecogen announced that Tecogen has been developing and testing machine learning based intelligent control for cogeneration and cooling systems. The system self-learns from data on our remote monitoring platform CHPInsight and determines the optimum way to operate a chiller or cogeneration plant based on a building's seasonal load profile. Testing on a selection of customer sites has resulted in reduced energy purchased from the utility and an increase in equipment run hours. This is a benefit for the customer and Tecogen as it increases customer savings and Tecogen's service revenue. We expect to start implementing this in many of our service sites over the course of this year. Any cogeneration system connected to our platform can be controlled centrally. This will also allow us to act like a virtual power plant and participate in utility demand response programs. The capacity from multiple cogeneration systems can be aggregated and receive utility payments which can be shared with the customer. Since the self-learning intelligent control system is built on our remote monitoring platform it can also be integrated with other distributed generation and cooling products.
PUBM

Hot Stocks

09:28 EST PubMatic announces recent expansion, success of Connect - PubMatic announced recent expansion and success of Connect, its fully-integrated audience solution that leverages addressable signals from across the open internet to help data owners drive monetization and help media buyers drive performance. With Connect as a centralized access point for addressability solutions, the company has not only adapted to industry changes but has also delivered a quantifiable monetization lift for publishers. Last week, Google began turning off third-party cookies for Chrome users, with plans to completely disable third-party cookies by the end of the year. As the digital advertising landscape undergoes this seismic shift with heightened privacy regulations and the demise of anonymous targeting, PubMatic sits at the nexus of consumer consent. The company has expanded its partnerships with leading alternative IDs, audience data partners and contextual providers to ensure publishers and advertisers can continue to deliver relevant, impactful advertising across the open internet. As a result, over 75% of impressions on the PubMatic platform have alternative targeting signals attached other than the cookie.
PTCT

Hot Stocks

09:28 EST PTC Therapeutics announces 2024 potential key clinical, regulatory events - Submission of a MAA to the EMA for sepiapterin for the treatment of PKU is expected in the first quarter. Submission of an NDA to the FDA for sepiapterin for the treatment of PKU is expected no later than the third quarter. Results from 12-month interim data from the PIVOT-HD trial of PTC518 in HD patients are expected in the second quarter. Submission of a BLA to the FDA for Upstaza for the treatment of AADC deficiency is expected in the first quarter. Topline results from the CardinALS trial of utreloxastat in ALS are expected in the fourth quarter. PTC expects the CHMP opinion from the re-examination procedure of the negative opinion on the Translarna conditional marketing authorization renewal in late January 2024, with ratification of that opinion by the European Commission 67 days later. FDA meeting for Translarna to align on the specific contents of a potential NDA resubmission is scheduled for the first quarter. FDA meeting for vatiquinone to discuss how the MOVE-FA data along with additional clinical and preclinical data could support an NDA submission in FA is scheduled for the first quarter. Scientific advice feedback from the EMA on a potential submission of vatiquinone for conditional marketing authorization for Friedreich ataxia is expected in the first quarter.
EPOW

Hot Stocks

09:28 EST Sunrise New Energy CEO purchases 245,000 shares - Sunrise New Energy announced that Mr. Haiping Hu, the Company's CEO, purchased 245,000 shares of the Company's ordinary shares in the first week of this year, at a price of $1.0706 per share, for approximately $262,297. Mr. Hu now beneficially owns a total of 7,107,933 ordinary shares of the Company.
FAT

Hot Stocks

09:27 EST Round Table Pizza debuts in Oklahoma, Arizona - FAT Brands announces a new development deal set to bring the Round Table Pizza chain to Oklahoma and Arkansas. The new deal will bring a total of 10 Round Table Pizza franchised restaurants to Oklahoma and an additional six franchised locations to Arkansas over the next six years.
EDBL

Hot Stocks

09:27 EST Edible Garden announces Uncle Giuseppe's will begin carrying products - Edible Garden AG announced that Uncle Giuseppe's Marketplace, which operates under the umbrella of RBest Produce, will begin carrying Edible Garden's products in all of their locations across New York and New Jersey. Jim Kras, Chief Executive Officer of Edible Garden, stated, "We are pleased to announce that Uncle Giuseppe's Marketplace will be featuring our locally grown, sustainable, Zero-Waste Inspired herbs at their 12 locations across New York and New Jersey. Their addition to our Northeast distribution network further develops our footprint in the region. We are optimistic that Uncle Giuseppe's Marketplace will quickly realize the benefits of Edible Garden's outstanding performance and fulfillment rates. We are also hopeful that RBest Produce will see the added value Edible Garden brings to Uncle Giuseppe's Marketplace, possibly extending our reach to more RBest retail partners. We look forward to enjoying a long relationship with Uncle Giuseppe's Marketplace, providing them with the reliable service and high-quality products that their customers can count on."
VEV

Hot Stocks

09:26 EST Vicinity Motor announces VMC 1200 distribution agreement with Shift EV - Vicinity Motor has signed a new distribution agreement with Shift EV Trucks to open Vicinity Trucks West Toronto, a new VMC specific dealership, by the owners of the successful Shift Electric Vehicles for the West Toronto territory. Shift Electric Vehicles has been offering a wide selection of premium electric vehicles online or in its showroom since 2013 in Oakville, Ontario - between Toronto and Hamilton. The dealership offers a complete range of EV cars, trucks and motorcycles across a variety of brands and is equipped with a Service department for electric vehicles of all makes and models. Owner Paul Repar has a robust automotive and transportation career spanning over 30 years, previously holding positions with Ford, Volvo, Mercedes-Benz and BMW Canada. With the opening of Vicinity Trucks West, Shift EV Trucks will provide fleet solutions for businesses and government with its inventory of Vicinity vehicles. Per the terms of the agreement, Vicinity Trucks West Toronto will distribute Vicinity VMC 1200 trucks throughout Western Toronto. This agreement will further supplement Shift's portfolio of electric vehicles with a dedicated commercial EV.
RNW

Hot Stocks

09:26 EST ReNew Energy Global signs deal to sell 300 MW solarproject valued at $199M - ReNew announced on Monday that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan - ReNew Solar Urja Private Limited - for a total enterprise value of $199 M. The transaction is expected to close in accordance with PPA conditions. Approximately $8 million is expected to be additionally received as an earn-out on account of change-in-law proceeds, after the first payment is realized by RSUPL. The sale reaffirms strong investor interest in assets developed by ReNew and is aligned with the company's strategy to enhance shareholder value through capital recycling and investment into higher-return opportunities. After the transfer of the outstanding debt to the buyer, the transaction will result in a cash inflow of approximately $82 million, including change-in-law proceeds for ReNew. Commenting on the transaction, Mr. Kailash Vaswani, Group CFO of ReNew, said, "We are committed towards discipline in allocating capital as well as enhancing shareholder value through asset recycling. This reaffirms our ability to unlock value through the sale of assets and pursue more lucrative opportunities. We continue to see interest in the private markets for high-quality stabilized assets." ReNew Solar Urja, located in Jaisalmer, Rajasthan, was commissioned in December 2021. The project has a 25-year Power Purchase Agreement with Solar Energy Corporation of India at a fixed tariff of INR 2.71 per unit. The project has been operational and revenue generating for the past two years. In 2022-23, the solar project delivered a net PLF of 27.42%.
JNVR

Hot Stocks

09:25 EST Janover launches its insurtech startup, Janover Insurance Group - Janover announced that it has launched a new insurtech as a wholly owned subsidiary, Janover Insurance Group. This new venture is set to seamlessly integrate with Janover's powerful generative AI applications and directly plug into its industry-leading marketing funnel. By leveraging Janover's marketing funnel, which has over 88 million annual impressions on Google, Janover Insurance Group is expected to immediately gain broad distribution and enhance operational efficiencies. "Our entrance into insurtech with Janover Insurance Group signifies a pivotal step on our ongoing journey to improve financial services for commercial real estate and SMB enterprises by building best in class, tech first solutions where they are most needed," said Blake Janover, Chairman and CEO of Janover Inc. "We believe that this specialized insurtech arm is the ideal product to add to our ecosystem as it solves a meaningful pain point in the market and leverages technology and systems we've already built. Our expertise in the practical application of generative AI and building marketplaces, combined with our robust marketing capabilities, positions us uniquely to redefine the commercial insurance space and offer unparalleled service to our clients. It further creates an end-to-end tech-first financial services firm for our customers; further enhancing our revenue with recurring, predictable income. By strengthening our financial foundation, we will be able to better service our customers as we continue to scale."
LQR

Hot Stocks

09:25 EST LQR House announces board meeting for special dividend up to $1.00 per share - LQR House announced that the Company's Board of Directors will convene a meeting to deliberate on the proposed distribution of a special dividend, demonstrating its commitment to supporting shareholders of record. The meeting, scheduled for Friday, January 12, 2024, will focus on the potential distribution of a special dividend of up to $1.00 per common share to eligible shareholders. This decision reflects LQR House's ongoing efforts to enhance shareholder value and recognize the loyalty and support of its investor community.
HNRA

Hot Stocks

09:24 EST HNR Acquisition announces 2024 operational plan - Over 45 days ago, the Company completed the acquisition of its interest in the Grayburg-Jackson oil field in Eddy County, New Mexico. The field operates 550 oil and gas wells on 13,700 contiguous acres. The Grayburg-Jackson field began development in the 1940's and in 2020 started to waterflood the Seven Rivers interval with good results. The revenues have grown ever since 2020 and the field has been profitable with positive cash flow for the last two years. LH Operating, a wholly owned subsidiary in the Company structure acquired in November 2023, had $20.3 million of revenues generating positive cash flow and $3.9 million of net income for the nine months ended September 30, 2023. These results included the historical lift costs of $17.00 per barrel. With the acquisition now completed, HNRA will report its first consolidated financials for the fiscal year ended December 31, 2023, which will include results from the acquisition for six weeks of the fourth quarter. HNRA has performed an initial analysis of the field in conjunction with the results of the pilot study and subsequent actions. To improve capital expenditure efficiency the Company intends to fine-tune its 7R waterflood completions and pumping methods. The Company believes this approach has a high probability of success.
CYCC

Hot Stocks

09:24 EST Cyclacel Pharmaceuticals regains compliance with Nasdaq minimum bid price rule - Cyclacel Pharmaceuticals announced today that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market on January 4, 2024, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. As previously disclosed on July 7, 2023, the Company received a letter from the Listing Qualifications Staff of Nasdaq notifying the Company that Nasdaq had granted the Company a 180-day extension, or until January 2, 2024, to regain compliance with the requirement for the Company's common stock, par value $0.001 per share, to maintain a minimum bid price of $1.00 per share for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). On January 4, 2024, the Company received a minimum bid price compliance letter from the Staff confirming the Company has regained compliance with Listing Rule 5550(a)(2), and that the matter is now closed.
RMCO

Hot Stocks

09:23 EST Royalty Management announces update on magnet materials program - Royalty Management Holding is pleased to provide an update to its investment in a state-of-the-art permanent magnet materials program with Advanced Magnet Lab. The sponsorship is focused on the stand up of lab-scale capabilities for the development of proprietary metal alloy compositions that are used in the manufacturing of permanent magnets. The strategic partnership between RMCO and AML began in December 2022, when RMCO engaged with AML to fund the setup and development of a pilot-scale lab for producing novel metal alloys compositions for producing magnet powder. This relationship also provides RMCO with a royalty interest in these novel compositions developed that are consumed in producing permanent magnets. The collaboration between RMCO and AML, with the pilot-scale lab, is expected to begin producing sintered and non-sintered magnet alloy samples in the first half of 2024 for prototyping with AML's PM-Wire process. RMCO and AML will continue to explore further business opportunities, including, but not limited to, additional material development programs and the commercial scale-up of metal alloys production capabilities. RMCO has funded this effort through an investment in AML with subscription to convertible notes under the AML 2022 Convertible Note Round.
AAPL

Hot Stocks

09:23 EST Apple announces Apple Vision Pro to be available on February 2 - Apple announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online. Vision Pro is a spatial computer. Vision Pro blends digital content with the physical world and unlocks spatial experiences in visionOS, controlled by a user's eyes, hands, and voice. An all-new App Store provides users with access to more than 1M compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19.
BMEA

Hot Stocks

09:22 EST Biomea Fusion doses first patient with type 1 diabetes in COVALENT-112 trial - Biomea Fusion announced dosing of the first patient with type 1 diabetes in the U.S. in its ongoing Phase II study, COVALENT-112, evaluating BMF-219, a novel, investigational covalent menin inhibitor, as a potential treatment for patients with type 1 diabetes. "We are very excited to announce this milestone of starting the enrollment in our clinical trial for adults with type 1 diabetes, where a great unmet need exists. Persons with type 1 diabetes require exogenous insulin therapy, which entails intensive management and can result in important morbidity, including hypoglycemia and weigh gain. With the encouraging data from our preclinical and early-phase clinical studies of BMF-219 in type 2 diabetes, we believe that by targeting one of the root causes of diabetes, this oral agent has the potential to restore the health and function of the body's own mechanism to produce insulin, the beta cells," stated Juan Pablo Frias, MD, Biomea Fusion's Chief Medical Officer. He added, "We look forward to presenting initial data in 2024 as we march toward our goal of delivering a transformational therapy for patients with diabetes."
ONCT

Hot Stocks

09:21 EST Oncternal enrolls patients into third dosing cohort of Phase 1/2 trial - Oncternal Therapeutics announced that the fourth patient has now been enrolled into its Phase 1/2 study of ONCT-534, its dual-action androgen receptor inhibitor, for the treatment of patients with advanced prostate cancer who are relapsed or refractory to approved androgen receptor pathway inhibitors. "The ONCT-534-101 investigators are enthusiastic about this study, and we are excited about the enrollment and progress through the initial dosing levels. Reaching the third cohort represents an important milestone for the program, as we believe we are nearing potentially therapeutic doses that may benefit prostate cancer patients who have progressed after treatment with approved ARPI such as enzalutamide, abiraterone, apalutamide and darolutamide," said Salim Yazji M.D., Chief Medical Officer at Oncternal Therapeutics. "We believe ONCT-534, with its novel mechanism of action involving both the ligand-binding domain and the N-terminal domain of the androgen receptor (AR), may address a significant unmet medical need for patients with advanced metastatic prostate cancer, especially those with splice variants of the AR, mutations in the ligand-binding domain of the AR, or AR amplification, common mechanisms of resistance that may develop to treatment with currently approved AR pathway inhibitors."
MGPI

Hot Stocks

09:20 EST MGP Ingredients promotes Pasagic to Chief Commercial Officer - MGP Ingredients announces the promotion of Amel Pasagic to the newly created position of Chief Commercial Officer, effective today. As Chief Commercial Officer, Pasagic will be responsible for all commercial activities across MGP's three business segments. Pasagic joined MGP as Vice President, Information Technology, when the company acquired Luxco, Inc. and its affiliated companies in April 2021.
TPCS

Hot Stocks

09:18 EST TechPrecision provides update on Votaw acquisiton - TechPrecision Corporation announced the expiration of the 45-day diligence period during which it could have terminated its previously disclosed Stock Purchase Agreement related to the acquisition of Votaw Precision Technologies. Accordingly, we are now committed to closing the Votaw acquisition and are taking this opportunity to expand upon our prior comments while being very aware, and making sure that our shareholders know, that at this point in the process we continue to be limited by the securities laws as to what topics we can discuss. Even prior to completing the acquisition of STADCO in August 2021, it was our intent to relocate STADCO, whether by finding a new location or acquiring a compatible company. We started actively looking in August of 2022, speaking with many companies in the area, and we continued to actively do so until September of 2023 when we signed a Letter of Intent with Votaw, which was our first choice. We believe Votaw is a powerful strategic choice for us, will fit very well with STADCO, and will raise our revenue to a level more consistent with that typically expected of a public company thereby lessening the effects that public company costs have on lower-revenue companies. The Board is unanimous in support of the acquisition and has a significant personal financial interest in its success as the Board beneficially owns an aggregate of over 15% of the outstanding stock in TechPrecision, as disclosed in TechPrecision's August 3, 2023 Proxy Statement. For those shareholders who are unaware, the securities laws can be very limiting as to what can be publicly stated about future financing activities. Additionally, until the availability of more fulsome financial data from Votaw's most recently completed fiscal year on October 31, 2023, we are unable to provide more information about Votaw's financial condition and results of operations. We intend and expect to be able to provide additional information to the market and our shareholders very soon.
TWLO

Hot Stocks

09:18 EST Twilio CEO Jeff Lawson to step down, Khozema Shipchandler to succeed - Twilio announced that Khozema Shipchandler, formerly president of Twilio Communications, has been appointed CEO and will join the company's board of directors, effective immediately. Shipchandler succeeds Jeff Lawson, Twilio's co-founder, who is stepping down as CEO and as a member of the Twilio board. In addition, Jeff Epstein, a member of the Twilio board and lead independent director since 2017, has been appointed as chair of the Twilio board.
AAPL

Hot Stocks

09:18 EST Apple announces Vision Pro available in U.S. on February 2 - Apple announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online. "Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS, controlled by the most natural and intuitive inputs possible - a user's eyes, hands, and voice. An all-new App Store provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19, at 5 a.m. PST," the company stated. "The era of spatial computing has arrived. Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore," said Tim Cook, Apple's CEO. Reference Link
CMCXF

Hot Stocks

09:17 EST CMC Metals acquires silver-gold polymetallic Gavilanes project - CMC Metals Ltd. announced that the Sailfish Royalty has entered into a share purchase option agreement with the Company that grants the option to acquire all of the issued and outstanding shares of Swordfish Silver Corp. Swordfish, through Sailfish de Mexico S.A. de C.V., holds the mineral rights of the Gavilanes silver exploration property located in the Municipality of San Dimas, State of Durango, Mexico. The terms of this agreement were previously announced in a press release dated December 21, 2023 with a majority of the financial commitments in the back-end of the multi-year deal. The deal is also subject to Exchange approval. The silver-gold polymetallic Gavilanes Project has a current NI 43-101 Inferred Resource of 18,174,000 contained silver-equivalent ounces at an average grade of 320.3 g/t Ag-Eq within 1,765,000 tonnes. The metal prices assumed in the resource estimate were $19.00 USD/oz silver, $1,600 USD/oz gold, $3.50 USD/lb copper, and $1.00 USD/lb for lead and zinc. Gavilanes is a low to intermediate sulfidation epithermal deposit and is located in the Sierra Madre Occidental Province in southwestern Durango. Limited drilling at the site has been completed over 0.2 square kilometers of veins. Gavilanes has been subjected to periodic episodes of drilling totalling 61 diamond drill holes. A majority of the drilling was completed by Santa Cruz Silver Mining. The drilling focused on the Guadalupe Solitude structure along only 500 meters. The San Nicolas mineralized structures, which span 2.6 kilometers, have only been tested over 250 meters with drilling intersecting an important gold system that was later confirmed with mapping and surface sampling.
RXST

Hot Stocks

09:15 EST RxSight up 9% in pre-market after above-consensus pre-announcement for Q4
JBLU

Hot Stocks

09:15 EST JetBlue extends partnership with FLYR - FLYR, the AI-powered technology platform for travel, announced that JetBlue is extending its partnership with FLYR. The commercial agreement has been extended to continue to boost the airline's revenue optimization capabilities using decision intelligence powered by deep learning. Utilizing cutting-edge deep learning technology, FLYR's cloud-native decision intelligence platform, Flight Revenue Management, offers automated, AI-powered revenue management capabilities. Already in action at JetBlue, this system is proving its effectiveness in maximizing opportunities across the business, enabling quick, precise capacity plans and pricing adjustments. "We have a strong track record of challenging industry norms and reshaping established processes," said Dave Clark, Head of Revenue and Planning at JetBlue. "Our partnership with FLYR and commitment to its AI-driven software allows us to continue to offer our customers a low fare and great service."
ENSC

Hot Stocks

09:14 EST Ensysce Biosciences CEO says 2024 'will be a pivotal year' for the company - Ensysce Biosciences issued a letter to shareholders from Chief Executive Officer, Dr. Lynn Kirkpatrick, which read in part, "I am very pleased to provide you with an update on the outstanding progress we made over the last year and to extend sincere thanks from the Ensysce team for your ongoing support. During 2023, our focus was to demonstrate that our innovative approaches to severe pain could be delivered safely and effectively, and with the unique benefit of overdose protection. I believe we achieved that, and we are continuing to move our lead analgesic through to commercialization, as we also add to our pipeline of products to treat pain...Operationally and financially, we took several important steps allowing us to advance the clinical development of our highly unique programs. During 2023, we completed three financing transactions for total gross proceeds of $12 million before fees and expenses, which provided us with necessary funds to continue the advancement of our lead clinical trial programs. As we enter 2024, we are focused on our near-term discussions with the FDA on our Phase 3 protocol design for PF614. Our End of Phase 2 discussions are scheduled with the FDA on January 30, 2024, and will solidify our Phase 3 program that we intend to initiate in the second half of the year. Likewise, we are continuing regulatory discussions with the FDA in February 2024 to aid our future clinical development plans for PF614-MPAR. Ultimately our focus is seeking to move each program through regulatory approval in an expedient fashion through the shortened 505(B)(2) pathway and to expand the use cases of our TAAPTM and MPAR(R) technology platforms. The accomplishments we've achieved in 2023, and our tangible forward goals, are a result of the hard work and commitment of our entire team. We are passionate about our mission to deliver new and improved forms of analgesia both in the U.S. and globally and are exploring ways to broaden our pipeline. From presenting our programs at key industry events, to successfully conducting clinical trials, each step has contributed to our long-term success. We are entering 2024 with real excitement for what we believe will be a pivotal year for Ensysce. We thank you, our shareholders, for your support and we thank our employees for fueling the direction of our clinical, operational, and financial execution. We look forward to sharing our accomplishments in the coming year as we strive to create value for our shareholders, employees, and communities, and we thank all of you for your dedication to our mission."
CART

Hot Stocks

09:14 EST Instacart to expand advertising solutions to Caper Carts - Instacart announced it is expanding its advertising solutions to Caper Carts, the company's AI-powered smart carts. Instacart will begin piloting ads on Caper Carts at Good Food Holdings banner stores, bringing personalized and dynamic recommendations into the physical aisles of the grocery store. Ads on Caper Carts will soon give customers more customized recommendations and introduce experiences to help them discover new brands and products. This first-of-its-kind advertising opportunity connects brands and retailers with customers directly in the aisles - who, on average, spend more than 30 minutes shopping in-store with a Caper Cart.
CARR

Hot Stocks

09:13 EST Carrier Global, Montana Technologies enter joint commercialization agreement - Montana Technologies announced entry into a binding term sheet related to a commercial collaboration with Carrier Global to develop and commercialize Montana's transformational AirJoule dehumidification and cooling technology. In connection with the commercial collaboration, Montana has, subject to the satisfaction of certain milestones, granted Carrier the exclusive right to commercialize the AirJoule technology into HVAC equipment in the Americas for a period of three years. In addition, Carrier has conditionally committed $10M in growth equity into Montana to foster commercialization of AirJoule. This investment follows strategic partnerships that Montana has entered into with BASF, the largest chemical producer in the world, and CATL, the world's largest lithium-ion electric battery manufacturer.
SCLX

Hot Stocks

09:12 EST Scilex CEO issues letter to stockholders - Scilex Holding issued a letter from Jaisim Shah, its Chief Executive Officer and President, to its stockholders highlighting the Company's accomplishments in 2023 and its forward outlook for 2024. "I would like to express my deepest gratitude for your unwavering support, patience, and invaluable feedback throughout the transformative year in 2023. It is our hope that this communication serves as both a reflection on Scilex's significant strides in the past year and an insightful preview into the challenges and opportunities that lie ahead in 2024... As we continue to navigate the complexities of the pharmaceutical landscape, your role as stockholders in this journey is invaluable. Thank you for being an integral part of our mission and for your unwavering belief in our vision. Together, we are not just witnessing, but actively shaping, a pivotal chapter in healthcare history... We accomplished all of the goals that we set out at the beginning of 2023... Outlook for 2024... Despite the challenges that remain ahead, we are setting ambitious goals for the Company in 2024, including: Expected launch of Gloperba... Seek FDA approval for the modification of Gloperba... Continue to grow our gross sales with a goal of exceeding $200 million.Seek FDA approval of ELYXYB in acute pain in the U.S... Continue to develop our novel clinical pipeline... Initiation of ELYXYB pediatric study for migraine. Finalize plan with FDA for Phase 2/3 study for SP-103 in acute pain. Initiation of SP-102 chemistry, manufacturing and controls activities for commercial scale manufacturing for NDA filing in the U.S. File ZTlido applications in ex-US markets... Prepare for the next major international change affecting the demand for non-opioid therapeutics and be ready to capitalize on that change. Continue to enhance our product portfolio by in-licensing and out-licensing commercial products. Continue to enhance stockholder value and optimize our capitalization structure.... In closing, my heartfelt thanks go to the remarkable team at Scilex. Your unwavering dedication, creativity, and resilience are the driving forces behind our success. To our partners, our stockholders, and our dedicated board members: thank you for your confidence in us as we continue to forge ahead with our mission."
DOX

Hot Stocks

09:12 EST Amdocs announces Amdocs CPQ Pro - Amdocs announced Amdocs CPQ Pro, its next-generation configure-price-quote software, which enables communications service providers to offer advanced enterprise services for all business types by leveraging generative AI capabilities. Underpinned by Amdocs' pioneering telco-grade generative AI platform, amAIz, CPQ Pro aligns with Amdocs strategy of advancing generative AI co-pilot use cases across the communications industry, bringing reduced time to market, enhanced efficiency, and next-level customer experience through service differentiation across its products and services portfolio. This launch also builds on previously announced strategic partnerships with Microsoft and NVIDIA, further bringing generative AI capabilities into Amdocs' CES portfolio.
JANX

Hot Stocks

09:11 EST Janux Therapeutics promotes Tommy DiRaimondo to chief scientific officer - Janux Therapeutics announced the promotion of Tommy DiRaimondo to chief scientific officer. In his prior role as head of research, DiRaimondo was instrumental in successfully transitioning Janux's PSMA-TRACTr and EGFR-TRACTr programs from research into clinical trials.
SOPH

Hot Stocks

09:11 EST Sophia Genetics, Exactis Innovation announce collaboration - Sophia Genetics announced a collaboration with Exactis Innovation, based in Montreal, Quebec, who will contribute to cancer research and data-driven decision-making through Sophia's multimodal real-world data offering.
REKR

Hot Stocks

09:10 EST Rekor Systems, Kistler partner on roadway intelligence - Rekor Systems announced its Urban Mobility division has unveiled a strategic collaboration with Kistler. This strategic alliance marks a significant leap forward in real-time and predictive roadway intelligence, squarely addressing the critical issue of bridge and roadway infrastructure deterioration caused by dangerous, overweight vehicles. The integration of the two companies' technologies is the first-of-its-kind solution and is already playing a crucial role in detecting overweight trucks in New York City while serving as a prototype for the rest of the nation.
SRFM

Hot Stocks

09:10 EST Surf Air Mobility and Williamsport PA in deal for service between IPT and IAD - Surf Air Mobility and the Williamsport Municipal Airport Authority of Williamsport, Pennsylvania have agreed to launch scheduled commuter air service between Williamsport Regional Airport IPT and Washington Dulles International Airport IAD with a target start date in May 2024. Williamsport will provide funding and services to subsidize and support the establishment of the program. The flights will be operated by Southern Airways Express , an airline subsidiary of Surf Air Mobility. This announcement comes a few weeks after another similar agreement with Purdue University that will privately subsidize flights connecting West Lafayette Airport and Chicago O'Hare. These agreements resemble Surf Air Mobility's numerous Essential Air Service contracts which provide federal subsidies to connect communities which would otherwise lack access to minimal air service. The agreement with Williamsport establishes a funding stream from the use of locally acquired grants coupled with community donations to mitigate risk to Surf Air.
CLSK

Hot Stocks

09:10 EST CleanSpark announces agreement for up to 160,000 Bitmain S21 miners - CleanSpark announced the purchase of up to 160,000 Bitmain S21 miners, or the equivalent of 32 exahashes per second. Under the terms of the agreement, CleanSpark, one of the largest and most efficient publicly traded bitcoin mining companies in North America, has purchased 60,000 units with delivery expected April through June 2024. The agreement also includes a strategic call option to purchase an additional 100,000 machines at a fixed price of $16.00 per terahash until the end of the calendar year. If the full call option is exercised, CleanSpark's hashrate is expected to increase to approximately 50 EH/s, a 400% increase from its current hashrate of 10 EH/s, once all machines are deployed.
ESMT

Hot Stocks

09:10 EST EngageSmart appoints Dan Freund as chief sales officer - EngageSmart has appointed Dan Freund as chief sales officer, Enterprise Solutions. In this role, Freund will lead sales for EngageSmart's Enterprise Solutions, including InvoiceCloud and DonorDrive.
GOVX

Hot Stocks

09:10 EST GeoVax Labs appoints Pipas as Executive Medical Director, Oncology - GeoVax Labs announced the appointment of J. Marc Pipas, M.D., to serve as the Company's Executive Medical Director, Oncology. Kelly McKee, M.D., MPH, GeoVax Chief Medical Officer, commented, "Dr. Pipas' addition to our team represents an important step forward in the strengthening of GeoVax's organizational and operational resources to support advancement of our principal oncology asset, Gedeptin(R), through clinical development and regulatory approval."
LQR

Hot Stocks

09:10 EST LQR House Inc trading resumes
BORUF

Hot Stocks

09:09 EST Borussia Dortmund CEO Hans-Joachim Watzke to depart - Hans-Joachim Watzke, CEO of Borussia Dortmund GmbH & Co. KGaA, has informed the Executive Committee of the Advisory Board of Borussia Dortmund Geschaftsfuhrungs-GmbH, chaired by President Dr. Reinhold Lunow, that he will not extend his managing director's employment contract, which currently runs until the end of 2025, and will step down from management in the fall of 2025.
SHPH

Hot Stocks

09:09 EST Shuttle Pharmaceuticals approved by FDA for Phase 2 trial of Ropidoxuridine - Shuttle Pharmaceuticals announced they have received the 'Safe to Proceed' letter from the U.S. FDA for the company's investigational new drug application for its Phase II study of Ropidoxuridine as a radiation sensitizing agent during radiotherapy in patients with newly diagnosed IDH-wildtype glioblastoma with unmethylated MGMT promoter. Receipt of the letter allows Shuttle to commence the Phase II study. Shuttle Pharma is currently finalizing site enrollment with 'first patient, first dose' expected in the coming months. Ropidoxuridine is Shuttle Pharma's lead radiation sensitizer candidate for use in combination with radiation therapy to treat glioblastoma, a deadly malignancy of the brain with no known cure.
IE

Hot Stocks

09:07 EST Ivanhoe Electric provides update on activities at Santa Cruz Copper Project - Ivanhoe Electric Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on ongoing infill and exploration drilling and technical work at the Santa Cruz Copper Project, located west of Casa Grande, Arizona. Mr. Friedland commented: "Our extensive exploration and development drilling programs at the Santa Cruz Copper Project have yielded very strong results and continue to uncover the full potential of the project. By incorporating sustainable technologies and renewable energy into the upcoming Prefeasibility Study and leveraging cutting-edge underground material handling methods, we are advancing studies at Santa Cruz for a modern, high-grade, underground copper mine with very low projected carbon dioxide-equivalent emissions. The fourth quarter of 2023 was an important time for the advancement of our Santa Cruz Copper Project in Arizona. We significantly increased our development drilling activity and received substantial assays from recent exploration drilling. In addition to raising our level of confidence in the Santa Cruz and East Ridge mineral resource estimates, recent infill drilling identified a large, high-grade oxide domain in the Santa Cruz deposit. This domain contains higher copper grades and is located in better quality ground conditions than previously modeled in our 2023 Initial Assessment. Our ongoing development drilling and test work will support the studies required for our Santa Cruz Prefeasibility Study, which we expect to complete before the end of Q2 2025. Beyond our development drilling at Santa Cruz and East Ridge, assays from recent step-out exploration at Texaco Ridge identified wide zones of primary sulfide mineralization that could provide future growth for our Santa Cruz Project. The combined success of our recent development and exploration drilling programs at Santa Cruz provides us with strong momentum as we enter 2024." 37 development drill holes totaling 25,176 meters have been drilled at the Santa Cruz and East Ridge Deposits since the release of the September 2023 Initial Assessment. The December 2022 Mineral Resource Estimate that formed the basis for the September 2023 Initial Assessment was modeled from 153,000 meters of drilling in 170 diamond drill holes. Since the effective date of the 2022 Mineral Resource Estimate, Ivanhoe Electric has completed an additional 76 drill holes, totaling 55,964 meters, with 25,176 meters drilled since the September 2023 Initial Assessment. Drilling activity at Santa Cruz ramped up in Q4 2023, with eight rigs drilling nearly 10,000 meters in November alone.
PULM

Hot Stocks

09:07 EST Pulmatrix to stop patient enrollment of the Ph2b study of PUR1900 - Pulmatrix announced that it has entered into a further amendment to its agreement with Cipla for the development of PUR1900 in the treatment of Allergic Bronchopulmonary Aspergillosis. Under the terms of the amendment Cipla and Pulmatrix agreed, among other things, to stop patient enrollment of the Ph2b study of PUR1900 at 8 subjects and close the study. Ted Raad, CEO of Pulmatrix, commented, "Stopping the Ph2b study, along with other cost-savings measures, is expected to extend Pulmatrix's cash runway into Q1 2026. As of December 31, 2023, Pulmatrix cash on hand was approximately nineteen million dollars. Pulmatrix focus will be on maximizing shareholder value by pursuing strategic alternatives for the company while it winds down the Ph2b study for PUR1900. We are confident in Cipla's ability to develop PUR1900 for the benefit of patients in markets where there is significant unmet need and a faster path to commercialization." Pursuant to the amended agreement with Cipla, Pulmatrix has granted Cipla exclusive rights to the development and commercialization of PUR1900 in the "Cipla Territory", which has been expanded to include all markets other than the United States. In the United States, both parties will seek to monetize PUR1900 which has potential for development in areas other than ABPA in Asthma. After the study winddown, Pulmatrix will bear no further financial responsibility for the development of PUR1900 and will receive 2% royalties on net sales of Pulmazole in the Cipla Territory.
KOPN

Hot Stocks

09:07 EST Kopin receives $20.5M contract for thermal weapon sight configuration - Kopin Corporation announced it received an approximate $20.5 million contract for a new weapon sight eyepiece configuration. Under the terms of the contract, Kopin is authorized to procure up to approximately $9 million of materials until the new weapon sight eyepiece configuration is fully qualified at which time the remaining contract balance will become effective, subject to standard government provisions. The new weapon sight eyepiece configuration is scheduled for deliveries in 2024 and 2025. The weapon sight eyepieces, which includes Kopin's proprietary high-brightness microdisplay and custom-designed Pancake optics, are critical components provided to a Department of Defense prime contractor that integrates the eyepiece into a sophisticated video "see through" augmented reality weapon system
HQY

Hot Stocks

09:05 EST HealthEquity announces HSA sales outlook - HealthEquity announced estimates of HSAs, HSA assets and total accounts for its fiscal year ending January 31, 2024, reflecting a strong sales year with new HSAs and custodial asset growth. Estimated HSAs to be approximately 8.7 million by January 31, 2024, up from 8.0 million a year earlier. Estimated HSA assets to be approximately $24.5 billion, up from $22.1 billion at the end of fiscal year 2023, with approximately $15 billion of HSA cash. Invested balances included in the estimated assets are subject to market fluctuation. Estimated total accounts to be approximately 15.6 million compared to 14.9 million at the end of fiscal year 2023. These estimates do not include the BenefitWallet HSA portfolio acquisition that is expected to close in fiscal 2025. Commenting on the results, Jon Kessler, President and CEO said, "Together with an integrated network of over 200 health and retirement plan partners, brokers and benefit advisors, Team Purple delivered strong new logo growth, opening approximately 900,000 new HSAs this year and providing a base for continued growth in FY25 and beyond." The Company also announced that it expects to beat its full-year goals for its Enhanced Rates offering, with over 30% of HSA cash assets expected to be in Enhanced Rates and a 40% increase in capacity with highly rated insurance partners in fiscal 2024.
TRYPF

Hot Stocks

09:05 EST Tryp Therapeutics receives HREC approval to commence Phase 1 TRP-8803 trial - Tryp Therapeutics announced a significant milestone in its clinical trial program for TRP-8803. The Company has received approval from the Human Research Ethics Committee in Australia to commence the groundbreaking Phase 1 clinical trial of TRP-8803 in healthy human volunteers. This study is designed to determine the optimal blood levels of psilocin needed to achieve the targeted psychedelic state. The trial, titled "A Phase 1, Open-label, Dose-escalation Study to Evaluate the Safety and Pharmacokinetics of a Single Intravenous Infusion of TRP-8803 in Healthy Adult Participants," is set to be performed at the CMAX Phase 1 unit in Adelaide, Australia. This study is designed to provide a major advance in psychedelic medicine by aiming to optimize the doses and infusion rates of IV-administered psilocin to achieve targeted blood levels of psilocin. Uniquely, the study will also collect real-time electroencephalogram data from all nine human volunteers to monitor changes in EEG patterns associated with the psychedelic state, providing invaluable insights into the correlation between psilocin levels and the depth and duration of the psychedelic experience. This information is critical to advancement of TRP-8803 into future Phase 2 studies.
APLS

Hot Stocks

09:04 EST Apellis reports preliminary FY23 SYFOVRE, EMPAVELI revenue of $366M - Apellis Pharmaceuticals announced preliminary U.S. net product revenues of approximately $366 million for the full year 2023 for SYFOVRE secondary to age-related macular degeneration and for EMPAVELI for adults with paroxysmal nocturnal hemoglobinuria.
APLS

Hot Stocks

09:03 EST Apellis reports preliminary Q4 SYFOVRE revenue of $138M - Apellis Pharmaceuticals announced preliminary U.S. net product revenues of approximately $138 million for the fourth quarter for SYFOVRE for geographic atrophy secondary to age-related macular degeneration and for EMPAVELI for adults with paroxysmal nocturnal hemoglobinuria. "SYFOVRE is the market-leading treatment for GA, with approximately 160,000 doses distributed since launch. More patients than ever are benefiting from SYFOVRE, including the increasing treatment effects over time and flexible dosing, and we look forward to building on the momentum this year," said Cedric Francois, M.D., Ph.D., co-founder and chief executive officer, Apellis. "Additionally, the high compliance observed with EMPAVELI speaks to the important impact of this medicine on patients' lives. In addition to advancing our pipeline, we believe the tremendous commercial progress made in the past year has positioned us for an even stronger 2024."
OSIS

Hot Stocks

09:03 EST OSI Systems awarded $59M contract - OSI Systems announced that its security division received a contract from a customer in the EMEA region valued at approximately $59M to provide various cargo and vehicle inspection platforms including the Eagle G60 high-energy, gantry-mounted cargo inspection system, Eagle P60 high-energy, drive-through cargo and vehicle inspection system, Eagle M60 high-energy mobile cargo and vehicle inspection system, CarView multi-technology, top-view passenger vehicle inspection system, and Guardian VM500 Series radiation portal monitor. The company is expected to integrate the inspection systems into a national command center via its CertScan integration platform and provide maintenance, training, and service support as part of this award.
PMBHF

Hot Stocks

09:01 EST PharmAla Biotech receives U.S. Patent Prosecution Highway acceptance - PharmAla Biotech has received approval to move its PharmAla-1 molecule through the US Patent and Trademark Office Patent Prosecution Highway pathway based on the positive Patent Cooperation Treaty initial office action previously announced by PharmAla. The Patent Prosecution Highway speeds up the examination process for corresponding applications filed in participating intellectual property offices. Under PPH, participating patent offices have agreed that when an applicant receives a ruling from a first patent office indicating that at least one claim is allowable, the applicant may request fast track examination of corresponding claims. PharmAla-1 was first discovered through computational in-silico modelling exercises via PharmAla Biotech's partnership with the University of Windsor, for which PharmAla has also received a grant from the Ontario Centres for Innovation. Proof-of-concept testing for P-1 showed significant efficacy and pro-social effect at dosage levels far lower than MDMA, PharmAla's primary comparator molecule, as well as excellent safety pharmacology. P-1 is not considered a controlled substance anywhere in the world.
WGS

Hot Stocks

09:01 EST GeneDx reiterates anticipated path to profitability in 2025 - The company said, "Our fourth quarter preliminary results, which exceeded previously issued guidance, provide great momentum heading into 2024. Growth is strong and losses are consistently narrowing with each passing quarter. We can confidently reiterate the anticipated path to profitability in 2025."
NUBI

Hot Stocks

09:00 EST Nubia Brand International provides update on closing of business combination - Nubia Brand International announced that the conditions to closing the business combination between the Company and Honeycomb Battery Company, as described in the definitive proxy statement initially filed by Nubia with the SEC on November 8, 2023, have not yet been satisfied and the Business Combination has not closed. The parties are working together to expeditiously satisfy such closing conditions, including obtaining the approval of Nasdaq to list the post-combination company's common stock following the closing of the Business Combination. There can be no assurance that the Business Combination will be consummated within the time period required by Nubia's governing documents. If the Business Combination is not completed by March 15, 2024, Nubia may, among other things, cease all operations except for the purpose of winding up and, as promptly as reasonably possible, redeem shares of Nubia Class A common stock issued in Nubia's initial public offering at a per-share price payable in cash, which will be equal to the aggregate amount then on deposit in Nubia's trust account, including interest earned on the funds held in the trust account and not previously released to Nubia, divided by the number of Nubia Class A Shares then outstanding.
DTC

Hot Stocks

09:00 EST Solo Brands down 35% at $3.85 in premarket after cutting guidance, replacing CEO
BFLY

Hot Stocks

09:00 EST Butterfly Network announces FDA clearance of POCUS system, Butterfly iQ3 - Butterfly Network announced the FDA clearance of its next-generation handheld point-of-care ultrasound POCUS system, Butterfly iQ3. The new device is the company's third iteration of the world's first semiconductor-based single-probe, whole-body ultrasound system. Butterfly iQ3 features a brand-new ergonomic design and will deliver double the data processing speed for optimized image resolution, sensitivity and penetration, as well as faster 3D capabilities to power novel, automated image capture modes: iQ Slice and iQ Fan. "Butterfly iQ3 is the turning point for digital ultrasound. Butterfly started a revolution in ultrasound when we commercialized the world's first fully digital handheld ultrasound in 2018, and subsequently, iQ+ in 2020," said Joseph DeVivo, Butterfly Network's President, Chief Executive Officer and Chairman. "Over 145,000 customers have since realized the value of our chip-based ultrasound. With iQ3, the revolution takes full charge. Physicians across disciplines now rank our overall image quality at least equal to traditional piezoelectric-based handhelds, and our new digital capabilities are designed to make ultrasound more accessible and approachable than ever before." DeVivo continued, "I look forward to revealing more about iQ3's advanced imaging capabilities this week at the 42nd Annual J.P. Morgan Healthcare Conference. Stay tuned for more details about the product and its commercial launch in the United States this quarter."
STXS

Hot Stocks

09:00 EST Stereotaxis announces first patients treated using MAGiC ablation catheter - Stereotaxis announced that the first patients have been successfully treated using its Magnetic Interventional Ablation Catheter, MAGiC. Stereotaxis' MAGiC catheter is a robotically navigated magnetic ablation catheter designed to perform minimally invasive cardiac ablation procedures. The first human procedures using the MAGiC catheter were successfully performed by Prof. Germanas Marinskis and Assoc. Prof. Gediminas Rakauskas at Vilnius University Hospital Santaros Klinikos in Lithuania. Eight patients were treated in the first week of January, following receipt of approvals to begin enrollment in the prospective clinical trial. Data from the clinical trial will support the CE Mark submission of MAGiC. "This is a significant milestone for Stereotaxis as we advance our comprehensive innovation strategy," said David Fischel, Stereotaxis Chairman and CEO. "We look forward to the impact MAGiC, a key pillar in our new product ecosystem, will have on patients, physicians, and the advancement of medicine."
ADTX

Hot Stocks

09:00 EST ADiTx Therapeutics trading resumes
DTC VSTO

Hot Stocks

08:59 EST Solo Brands names Christopher Metz as new CEO - Solo Brands (DTC) announced the appointment of Christopher T. Metz as its new President, Chief Executive Officer and Director of the Board effective January 15, 2024. Mr. Metz succeeds John Merris, who will mutually separate from the Company as its President, CEO and Director effective as of the same date. Mr. Metz has more than 25 years of experience leading consumer and durable goods companies and has compiled a track record of success at every level. He most recently was Chief Executive Officer of Vista Outdoor (VSTO).
MRNA

Hot Stocks

08:59 EST Moderna anounces upcoming pipeline milestones - Respiratory vaccines: Respiratory syncytial virus vaccine: Moderna has filed for regulatory approvals for its vaccine for the prevention of RSV-associated lower respiratory tract disease and acute respiratory disease in adults ages 60 years or older. The Company expects regulatory approvals beginning in the first half of 2024. Moderna will enter the RSV market with a strong competitive profile as the only pre-filled syringe product available at the time of launch, along with robust efficacy data, a well-established safety and tolerability profile, and widespread consumer awareness and demand established in 2023. Next-generation COVID-19 vaccine: Moderna's next-generation, refrigerator-stable COVID-19 vaccine is currently in its pivotal Phase 3 study. The Company anticipates data from the study in the first half of 2024. Seasonal flu vaccine: Moderna's seasonal flu vaccine demonstrated consistently acceptable safety and tolerability across three Phase 3 trials. In the most recent Phase 3 trial, mRNA-1010 met all immunogenicity endpoints, demonstrating higher titers compared to a currently licensed vaccine. mRNA-1010 has also shown higher or comparable titers compared to a currently licensed enhanced vaccine in a separate Phase 1/2 study. The Company is in discussions with regulators and intends to file in 2024. Seasonal flu + COVID vaccine: Moderna's Phase 3 trial of its combination vaccine against seasonal flu and COVID-19 is fully enrolled. The Company anticipates data from the study in 2024. Latent and other vaccines: Cytomegalovirus vaccine: The pivotal Phase 3 study of Moderna's CMV vaccine candidate is fully enrolled and accruing cases, evaluating its efficacy, safety and immunogenicity in the prevention of primary infection in women of childbearing age. The Company anticipates potential efficacy data from the study in 2024. Oncology therapeutics: Individualized Neoantigen Therapy: Moderna continues to demonstrate the potential clinical benefit of its INT program. In partnership with Merck, Phase 3 trials continue to enroll in resected high-risk melanoma and completely resected stage II, IIIA or IIIB non-small cell lung cancer. Moderna and Merck plan to rapidly expand their clinical studies to additional tumor types in 2024. The Company recently announced results of a three-year analysis of its Phase 2b study evaluating INT in combination with KEYTRUDA, Merck's anti-PD-1 therapy, in patients with resected high-risk melanoma. Compared to KEYTRUDA alone, this combination continued to show an improvement in recurrence-free survival, reducing the risk of recurrence or death by 49%, as well as in distant metastasis-free survival, reducing the risk of developing distant metastasis or death by 62%. Rare disease therapeutics: Propionic acidemia & methylmalonic acidemia: The Company expects to advance its PA and MMA programs into pivotal studies in 2024.
YTEN

Hot Stocks

08:59 EST Yield10 Bioscience files request for regulatory status review with USDA-APHIS - Yield10 Bioscience announced that the Company recently filed a request for a Regulatory Status Review with USDA-APHIS Biotechnology Regulatory Services under the Sustainable, Ecological, Consistent, Uniform, Responsible, Efficient Rule for proprietary elite Camelina sativa varieties designed to produce seed oil containing both essential omega-3 fatty acids eicosapentaenoic acid and docosahexaenoic acid. The genetic pathway deployed in the omega-3 Camelina DHA1 line described in the Company's RSR submission produces oil containing approximately 10% EPA and 10% DHA, closely resembling the omega-3 EPA/DHA fatty acid profile of northern hemisphere fish oil. Yield10 is making plans to conduct field work with omega-3 Camelina with the goal to begin the ramp-up of seed inventory for future planting as well as to produce omega-3 oil for use in business development activities. "Based on the scientific work published by the Rothamsted Institute, including salmon feeding and human clinical trials, we believe the Camelina omega-3 technology represents an ideal platform for the sustainable, land-based production of high value, omega-3 oils to address the significant potential opportunity in the global aquafeed and human nutrition markets," said Kristi Snell, Ph.D., Chief Science Officer of Yield10 Bioscience. "We believe Camelina-based production of omega-3 oil containing EPA and DHA is a promising solution to address the ongoing shortfalls in supply of omega-3 oil from fish oil and sustainably meet the projected increase in global demand for omega-3 oil in the years to come. We are focused on advancing our omega-3 oil producing Camelina along the regulatory path, building seed inventory and engaging with potential commercial partners."
APEI

Hot Stocks

08:58 EST American Public Education names Karmela Gaffney as Chief Marketing Officer - American Public Education announced that Karmela Gaffney has joined the company as Senior Vice President and Chief Marketing Officer. A marketing professional with over 25 years of experience driving successful digital and integrated marketing strategies at Fortune 500 companies and higher education institutions, Gaffney will lead the APEI team to expand market strategy, shape brand identity, and attract and retain students on behalf of APEI's four educational institutions. Gaffney, APEI's Acting Chief Marketing Officer since July 2023, previously served as CMO at Academic Partnerships, where she led digital and organic marketing, operations, brand and product marketing, field sales, public relations, student experience, and research.
DGX

Hot Stocks

08:57 EST Quest Diagnostics acquires assets of Steward Health Care's outreach lab services - Quest Diagnostics announced it has acquired select assets of Steward Health Care System's outreach laboratory services business serving patients and physicians in Pennsylvania and Ohio. The relationship aims to broaden access to innovative, quality and cost-effective laboratory services. Quest's full-service laboratory in Pittsburgh, PA will provide testing for physicians and patients previously serviced by outreach laboratories operated by Steward Health Care System in parts of Pennsylvania and Ohio. In addition, subject to transfer of the laboratory license, Quest has also acquired certain assets from the laboratory business serving Hawthorn Medical Associates in Dartmouth, MA. Financial details of the transaction were not disclosed.
IDAI

Hot Stocks

08:56 EST Trust Stamp provides update on low-code Orchestration Platform - Trust Stamp provides an update regarding the adoption of its low-code Orchestration Platform, which streamlines delivery and implementation of the Company's proven AI-Powered technologies. Since Trust Stamp's announcement in January 2023 that 22 customers were at various stages of implementing its Orchestration Layer, an additional 23 customers commenced or completed the process of implementing the Orchestration Layer bringing the year-end user base to 45 customers. Andrew Gowasack, President of Trust Stamp, commented, "We are pleased with the significant progress made in 2023 and we intend to build on that success over the coming year both by seeking additional growth in the user base and by supporting our existing customers with their integration and deployment. Although our primary marketing focus is on US financial institutions, the design of the Orchestration Layer allows for its implementation in many other sectors, both in the United States and overseas, and we are working actively on a number of domestic and international opportunities."
MRNA

Hot Stocks

08:56 EST Moderna reports 2023 COVID-19 vaccine sales $6.7B - Moderna announced business updates and progress on the Company's pipeline of transformative mRNA medicines. Moderna enters 2024 with 45 therapeutic and vaccine programs, nine of which are in late-stage development. "In 2023, we achieved $6.7 billion in product sales and resized our COVID-19 manufacturing footprint for the endemic setting. Our team significantly increased our COVID-19 market share to 48% in the U.S," said Stephane Bancel, Chief Executive Officer of Moderna. "We are preparing for the launch of Moderna's second product, our RSV vaccine. 2024 is going to be an exciting year for the Company with multiple milestones across our nine late-stage programs. Through these product launches, we are focused on returning to sales growth in 2025." 2023 financial updates: Moderna achieved 2023 COVID-19 vaccine sales of approximately $6.7 billion. This includes approximately $6.1 billion of COVID-19 vaccine sales, and recognition of approximately $0.6 billion of deferred revenue related to the Company's efforts with GAVI, The Vaccine Alliance. Cash, cash equivalents and investments at year-end 2023 were in excess of $13 billion. Full financial details will be reported on the Company's earnings call on February 22, 2024. 2024 - 2026 financial framework: The Company expects its COVID-19 franchise to be profitable in its anticipated sales scenarios for 2024 and beyond. Moderna continues to project approximately $4 billion in product sales in 2024, mostly in the second half of the year, primarily due to COVID-19 vaccine sales and the launch of its RSV vaccine. The Company anticipates returning to organic sales growth in 2025 and expects to break even in 2026 through product launches and disciplined investment.
ORIC

Hot Stocks

08:55 EST Oric provides initial Phase 1b data for ORIC-944, 2024 milestones - ORIC Pharmaceuticals announced initial data for its PRC2 inhibitor ORIC-944, operational highlights for 2023, and anticipated upcoming milestones. Initial Phase 1b Data for ORIC-944: As of December 10, 2023, the initial Phase 1b monotherapy data for ORIC-944, a potent and selective allosteric inhibitor of PRC2, in patients with metastatic prostate cancer demonstrated: Potential best-in-class drug properties, including clinical half-life consistent with preclinical prediction of greater than10 hours, which is superior to other PRC2 inhibitors and supports QD dosing; No signs of CYP autoinduction that is seen with first-generation PRC2 inhibitors; Robust target engagement with maximal decrease in H3K27me3 in monocytes from peripheral blood samples at doses as low as 200 mg QD, with low inter-patient variability; and Favorable safety with only grade 1 and 2 treatment-related adverse events at dose levels corresponding with strong target engagement. Emerging profile with superior drug properties support advancement into combination development in prostate cancer with AR inhibitor(s). 2023 Key Accomplishments: ORIC-114: a brain penetrant, orally bioavailable, irreversible EGFR/HER2 inhibitor: Presented initial data from the ongoing Phase 1b dose escalation trial. Presented preclinical data for ORIC-114 at ESMO Congress 2023. ORIC-944: a potent and selective allosteric inhibitor of PRC2: Presented preclinical data highlighting a comprehensive biomarker strategy for the ongoing Phase 1b trial in metastatic prostate cancer. Demonstrated via preclinical studies the potential for ORIC-944 to synergize with enzalutamide and other AR inhibitors in prostate cancer. ORIC-533: a highly potent, orally bioavailable small molecule inhibitor of CD73: Presented initial data from Phase 1b trial of ORIC-533 in patients with relapsed/refractory multiple myeloma at the 2023 ASH Annual Meeting. Expect to complete dose escalation for the Phase 1b trial of ORIC-533 in the first quarter of 2024, and company plans to pursue strategic partnership for combination studies. Discovery Pipeline: Presented preclinical data confirming the therapeutic potential of highly selective PLK4 inhibitors as a synthetic lethal therapy for TRIM37 amplified breast cancers at the 2023 AACR Annual Meeting. Advanced ORIC-613, a novel, highly selective PLK4 inhibitor, through IND enabling studies. Anticipated Program Milestones: ORIC-944 initiation of combination study with AR inhibitor: 1H 2024; ORIC-944 program update: mid-2024; ORIC-114 initiation of dose expansion in multiple cohorts: 1H 2024; ORIC-114 updated Phase 1b data: 1H 2025.
CRMD

Hot Stocks

08:53 EST CorMedix announces commercial, operational updates - CorMedix announced several commercial and operational updates related to its business and anticipated launch of DefenCath. Recent Updates: CorMedix formally submitted an HCPCS application for a J-Code to the Center for Medicare and Medicaid Services on December 8, 2023 for DefenCath, and CMS has confirmed the application is under review. The Company continues to engage in discussions with CMS related to the appropriate outpatient reimbursement structure for DefenCath and remains committed to its pursuit of separate payment under Medicare Part B as the appropriate reimbursement mechanism for the product. CMS has not yet made a determination or provided a timeline for a final decision. The Company estimates the timing for DefenCath commercial availability at April 15, 2024 for the inpatient setting, and no sooner than July 1, 2024 for the outpatient setting, depending on a final determination from CMS related to outpatient reimbursement. The Company has received significant interest from providers since DefenCath's November 2023 approval. Several large and medium sized health systems have committed to put DefenCath through their P&T formulary processes in 2024, a necessary first step toward obtaining utilization in the inpatient setting. To begin the P&T formulary process at hospitals and health systems, CorMedix may need to establish its list price for DefenCath prior to a final CMS determination on outpatient reimbursement. In such an instance, the Company expects to establish a list price based on the market dynamics for both inpatient contracting as well as a Transitional Drug Add-On Payment framework for outpatient reimbursement. CorMedix would then subsequently revise the list price downward should CMS make a determination in favor of separate payment under Medicare Part B. CorMedix expects to provide further detail on the DefenCath market opportunity as we receive clarity from CMS regarding outpatient reimbursement. The Company believes it has sufficient cash, cash equivalents and available resources to fund the commercial launch.
NWL

Hot Stocks

08:53 EST Newell Brands to reduce office roles by 7% in organizational realignment - Newell Brands announced an organizational realignment. Newell's organizational realignment is designed to further unlock operational efficiencies and cost savings, reduce complexity and free up funds for reinvestment. As part of the organizational realignment, the company is making several organizational design changes, which entail: standing up a cross-functional brand management organization, realigning business unit finance to fully support the new global brand management model, further simplifying and standardizing regional go-to-market organizations, and centralizing domestic retail sales teams, the digital technology team, business-aligned accounting personnel, the manufacturing quality team, and the human resources functions into the appropriate center-led teams to drive standardization, efficiency and scale with a One Newell approach. The company will also further optimize Newell's real estate footprint and pursue other cost reduction initiatives. These actions are expected to be substantially implemented by the end of 2024. Once organizational design changes are fully executed, the company expects to realize annualized pre-tax savings in the range of $65M to $90M, net of reinvestment, with $55M to $70M expected in 2024. Restructuring and related charges associated with these actions are estimated to be in the range of $75M to $90M and are expected to be substantially incurred by the end of 2024. The company plans to reduce its office roles by approximately 7%, with most of these actions expected to be complete by the end of 2024, subject to local law and consultation requirements.
CVRX

Hot Stocks

08:52 EST CVRx CEO Yared informs of plans to retire, initiate successor search - The Company's current President and Chief Executive Officer, Yared, has informed the Board of Directors of his plans to retire. Both he and the Board are committed to a planful and deliberate process to identify his successor, and Yared will remain in his current role until a new CEO is appointed. The Board is currently conducting a search to identify a new CEO with the assistance of a leading executive search firm.
RDZN

Hot Stocks

08:51 EST Roadzen names Jean-Noel Gallardo as new CFO - Roadzen "announced the appointment of Jean-Noel Gallardo as its new Chief Financial Officer. Mr. Gallardo brings over two decades of experience in financial planning and analysis, treasury management, compliance, fundraising, and M&A, making him an integral addition to the Roadzen leadership team. Most recently, Mr. Gallardo was the Vice President of Finance at Aclaimant, Inc., an insurtech platform for safety and risk management."
IDT

Hot Stocks

08:51 EST NRSInsights says December same-store sales increased 5.5% - NRSInsights announced comparative same-store sales results for December 2023 and the three months then ended. As of December 31, 2023, the NRS retail network comprised approximately 28,300 active terminals scanning purchases at independent retailers including bodegas, convenience stores, liquor stores, grocers, and tobacco and sundries sellers nationwide, predominantly serving urban consumers. December Retail Same-Store Sales Highlights Same-store sales increased 5.5% from a year earlier. Average sales per calendar day increased 5.3% compared to the preceding month. Same-store sales in the preceding month had increased 3.1% compared to the year-ago month. Average sales per calendar day in November 2023 had decreased 1.2% compared to the preceding month. For the three months ended December 31, 2023, same-store sales increased 3.4% compared to the same three months in 2022. The number of items sold increased 7.4% compared to a year earlier and increased 3.7% compared to November 2023 on a per calendar day basis. The average number of transactions per store increased 5.1% compared to December 2022. The average number of transactions per calendar day increased 0.3% compared to November 2023. A dollar-weighted average of prices for the top 500 items purchased in December 2023 increased 1.2% year-over-year, a decrease from the 3.9% year-over-year increase recorded in November 2023.
BREA

Hot Stocks

08:51 EST Brera Holdings enters active Search for Italian Serie B football club target - The company states: "Brera Holdings is focused on multi club ownership, MCO, and expanding its global portfolio of professional sports clubs with an emphasis on football and its increased opportunities to earn tournament prizes, gain sponsorships, obtain transfer fees and provide other sports-related consulting services. Today Brera announced its launch of a proactive search for an Italian Serie B football club target designed to bring MCO of the highest tiers of professional sports ownership to mass investors through the Company's Nasdaq-listed shares."
OTLY

Hot Stocks

08:50 EST Oatly Group launches two new oatmilk varieties - Oatly Group announced the nationwide launch of two new beverage innovations in the US: Unsweetened Oatmilk and Super Basic Oatmilk. Both products are formulated to check different nutritional boxes while still delivering the same delicious Oatly taste consumers know and love. Designed to enhance smoothies, coffee, cereals, recipes, and more, Unsweetened and Super Basic join a portfolio of Oatly's fan-favorite oatmilks that includes the number one velocity oatmilk SKU in the US. Oatly Unsweetened Oatmilk features a brand-new proprietary oat base specially developed by the Company to deliver 0g of sugar. Oatly Unsweetened is a delightfully light and smooth beverage at just 40 calories per serving. Oatly Super Basic Oatmilk has just four ingredients: water, oats, sea salt, and citrus zest fiber, an upcycled byproduct of the juice industry that provides great texturizing and stabilization capabilities. Oatly Super Basic boasts all the creamy, deliciousness oatmilk can offer with a simpler formulation.
ARTL

Hot Stocks

08:49 EST Artelo Biosciences selects Worldwide Clinical Trials as CRO - Artelo Biosciences announced that it has selected Worldwide Clinical Trials to support the Company's planned Phase 1 trial with ART26.12, its Fatty Acid Binding Protein 5 inhibitor in development for the treatment of chemotherapy-induced peripheral neuropathy.
BLUE

Hot Stocks

08:48 EST Bluebird Bio provides update on commercial launch, announces factoring deal - "In 2023 bluebird cemented our status as a gene therapy leader, securing our third FDA approval in under two years and establishing a commercial footprint that will support growth in the coming year and beyond," said Andrew Obenshain, chief executive officer, bluebird bio. ..bluebird has signed outcomes-based agreements for LYFGENIA with national payer organizations representing dozens of downstream plans and covering approximately 200 million U.S. lives. Advanced discussions are ongoing with additional commercial payers and with more than 15 Medicaid agencies representing 80% of individuals with sickle cell disease in the U.S...26 patient starts were completed in 2023 across bluebird's commercial portfolio, including 20 for ZYNTEGLO and 6 for SKYSONA. 2023 patient starts will drive revenue recognition in 2024 as patients complete the gene therapy treatment journey...The Company's preliminary unaudited cash and cash equivalents and marketable securities balance was approximately $275 M, including restricted cash of approximately $53 M, as of December 31. bluebird expects its cash, cash equivalents, and marketable securities, excluding restricted cash, will be sufficient to meet bluebird's planned operating expenses and capital expenditure requirements into the first quarter of 2025 as bluebird progresses its launch of LYFGENIA gene therapy for sickle cell disease and continues to scale its launches of ZYNTEGLO and SKYSONA for beta-thalassemia and cerebral adrenoleukodystrophy, respectively. The Company has taken additional steps to strengthen its financial position by entering into an accounts receivable factoring agreement which will accelerate cash collection related to patient starts across its portfolio of approved therapies.
OMH WBUY

Hot Stocks

08:46 EST Ohmyhome, Webuy announce strategic collaboration - Ohmyhome (OMH) and Webuy Global (WBUY) announced a strategic collaboration to cross-sell both companies' respective products and services across Singapore. In a joint launch event held on January 8, 2024, Rhonda Wong, CEO and Co-founder of Ohmyhome, and Vincent Xue, CEO and Co-founder of Webuy, unveiled a series of collaborative partnership initiatives aimed at enhancing the customer experience and community engagement. Key initiatives include: Integration of Ohmyhome's Services into Webuy Communities: Ohmyhome's service offerings and property listings will be integrated into Webuy communities through its Group Leaders, where Group Leaders within each community would be responsible for a group of customers within their respective geographical location. This collaboration will facilitate off-market listings and provide exclusive benefits for Webuy's customers and Group Leaders, including Ohmyhome's brokerage and renovation services. Webuy's 'Group Buy' Services for Ohmyhome's Homeowners: Webuy will introduce its unique "group buy" service, offering a diverse range of daily products such as groceries and travel, to thousands of homeowners serviced by Ohmyhome. Offline Expansion Support: Ohmyhome, leveraging its expertise and network, will support Webuy and its Group Leaders in sourcing new storefronts.
NHWK SCPX

Hot Stocks

08:45 EST NightHawk Biosciences announces name change to Scorpius Holdings - NightHawk Biosciences (NHWK) announced that it is changing the name of the Company to Scorpius Holdings to better reflect the Company's successful shift into a pure-play, large molecule biomanufacturing CDMO. The Company will continue to operate its CDMO within the Scorpius BioManufacturing subsidiary. In connection with the name change, the Company's ticker will change to SCPX as well. The name and symbol changes will not affect the Company's share structure or the rights of the Company's shareholders, and no further action will be required by existing shareholders. In addition, the Company announced that it has bolstered its leadership team with the promotions of Brian O'Mara to VP of Process Sciences and Steve Lavezoli to VP of Commercial Operations, as well as the additions of Juan Lagos as Senior Director of Cell-Based Technologies and Ania Szymanska as Site Head of Quality.
LQR

Hot Stocks

08:45 EST LQR House Inc trading halted, news pending
VERU

Hot Stocks

08:43 EST Veru submits IND application to FDA for development of enobosarm - Veru announced submission of an Investigational New Drug application with the U.S. Food and Drug Administration for the development of enobosarm for obesity. Glucagon-like peptide-1 receptor agonist drugs are very effective drugs that result in significant weight loss. Unfortunately, up to 50% of the total weight loss comes from muscle which is problematic as muscle is necessary for metabolism, strength, and physical function. According to the CDC, 41.5% of older U.S. adults have obesity and could benefit from a weight loss medication. Up to 34.4% of these patients over the age of 60 have sarcopenic obesity which means patients are overweight or obese and also have age-related low muscle mass. Sarcopenic obese patients are potentially at the greatest risk for developing critically low amounts of muscle mass when taking a GLP-1 RA medication for the treatment of obesity. Patients with critically low muscle mass may experience muscle weakness leading to poor balance, decreased gait speed, mobility disability, loss of independence, falls, bone fractures and increased mortality.
TIRX

Hot Stocks

08:41 EST Tian Ruixiang enter MOU to acquire licensed insurance broker in Hong Kong - TIAN RUIXIANG Holdings announced that TRX HongKong Investment, a wholly-owned subsidiary of the Company, has entered into a Memorandum of Understanding to acquire Peak Consulting Services Limited, a licensed insurance brokerage in Hong Kong. The proposed acquisition demonstrates the Company's strategic vision to expand into the Hong Kong insurance brokerage market. Pursuant to the MoU, the proposed acquisition is conditional upon, among other things, that TRX HongKong completes a due diligence review of the Target and is satisfied with its findings.
EDIT

Hot Stocks

08:41 EST Editas Medicine highlights 2024 anticipated milestones, strategic priorities - Editas Medicine announced that Gilmore O'Neill, M.B., M.M.Sc., President and Chief Executive Officer, will discuss the Company's 2024 strategic priorities and anticipated milestones at the 42nd Annual J.P. Morgan Healthcare Conference on Tuesday, January 9, at 4:30 p.m. PST. In his remarks, Dr. O'Neill will discuss several components of the Company's strategic priorities and progress, including an unchanged focus on developing renizgamglogene autogedtemcel towards biologics licensing application and commercialization, building an in vivo pipeline, and increasing business development activities, including continuing to sublicense the Company's foundational Cas9 and Cas12a gene editing technology. Dr. O'Neill will also discuss the Company's anticipated 2024 milestones: Continue enrollment and dosing in the RUBY and EdiTHAL clinical trials of reni-cel, Initiate the adolescent cohort in the RUBY trial, Present a substantive clinical data set of sickle cell patients with considerable clinical follow-up in the RUBY trial in mid-2024 and by year-end 2024, Establish in vivo preclinical proof-of-concept for an undisclosed indication, and Derive revenue from the Company's foundational IP, building on the recently announced license agreements with Vertex Pharmaceuticals and Vor Bio.
VNO CWK

Hot Stocks

08:40 EST Vornado names Cushman & Wakefield as exclusive leasing agent of PENN 2 - Vornado Realty Trust (VNO) named Cushman & Wakefield (CWK) as the exclusive leasing agent of PENN 2, its 1.8 million square-foot PENN DISTRICT office tower. The Cushman & Wakefield agency team will be led by Bruce Mosler and Josh Kuriloff, who have recently been responsible for more than 7.7 million square feet in office leasing across Midtown Manhattan's burgeoning West Side. "We are excited to partner on PENN 2 with Cushman & Wakefield to continue our momentum in the PENN DISTRICT. This industry leading agency team has been most instrumental in the shifting of Midtown's center of gravity to Manhattan's Westside," said Glen Weiss, Executive Vice President, Office Leasing and Co-Head of Real Estate at Vornado Realty Trust. "The reimagined PENN 2 appeals directly to innovation-oriented companies seeking an ultra-premium, hospitality-infused office environment that offers a one-seat ride for workers throughout the Metropolitan region. We look forward to unveiling the new PENN 2 to the next generation of firms looking to join such stalwarts as Madison Square Garden, Meta, Morgan Stanley, Amazon, The Hartford, Cisco Systems and Samsung in the thriving PENN DISTRICT ecosystem."
EVAX

Hot Stocks

08:40 EST Evaxion Biotech to implement ADS ratio change - Evaxion Biotech plans to change the ratio of its American Depositary Shares to its ordinary shares, DKK 1 nominal value from the current one ADS representing one ordinary share to a new ADS Ratio of one ADS representing ten ordinary shares. The ADS Ratio Change is expected to become effective on or about January 22, 2024, U.S. Eastern Time. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split and is intended to further support the liquidity in the Company's ADSs and to enable the Company to regain compliance with the Nasdaq minimum bid price requirement. On the Effective Date, registered holders of the Company's ADSs held in certificated form will be required on a mandatory basis to surrender their certificated ADSs to The Bank of New York Mellon, the depositary bank for cancellation and will receive one new ADS in exchange for every ten existing ADSs then-held. Holders of uncertificated ADSs in the Direct Registration System and The Depository Trust Company will have their ADSs automatically exchanged and need not take any action. The exchange of every ten then-held ADSs for one new ADS will occur automatically at the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued by the depositary bank. The Company's ADSs will continue to be traded on The Nasdaq Capital Market under the ticker symbol "EVAX."
DENN

Hot Stocks

08:39 EST Denny's reports preliminary Q4 domestic same-restaurant sales up 1.3% - Denny's reported selected preliminary and unaudited results for its fourth quarter and fiscal year ended December 27, 2023. Kelli Valade, Chief Executive Officer, stated, "We were pleased to deliver solid Denny's domestic system-wide same-restaurant sales in the fourth quarter, reflecting sequential improvement throughout the quarter, while also achieving results at the high-end of our previously guided range for the full year. Despite a persistently challenging operating environment, we enter 2024 with growing momentum towards our key strategies and the accelerated development of the Keke's brand." Denny's fourth quarter domestic system-wide same-restaurant sales were 1.3% compared to the equivalent fiscal period in 2022, including 1.5% at domestic franchised restaurants and (1.2)% at company restaurants. Denny's fiscal year domestic system-wide same-restaurant sales were 3.5% compared to the equivalent fiscal period in 2022, including 3.6% at domestic franchised restaurants and 2.7% at company restaurants. In 2023, the company opened 32 restaurants, including 11 international locations, and closed 57 restaurants, bringing the year-end total restaurant count to 1,631. In the fourth quarter, the company allocated $16.2M to share repurchases, resulting in $52.1M allocated to share repurchases for the full year. As of December 27, 2023, the company had approximately $100M remaining under its existing repurchase authorization. The company expects to release financial and operating results for its fourth quarter and fiscal year ended December 27, 2023, along with financial guidance for 2024, after the market closes on Tuesday, February 13, 2024.
IRTC

Hot Stocks

08:39 EST iRhythm reports closing of five-year debt facility - The company announced the closing of a five-year debt facility providing up to $150M in capital from Braidwell LP, a healthcare-focused investment firm. An initial $75M has been funded with the option to draw an additional $75M over the next year. The proceeds of the transaction will be used to repay the company's outstanding debt and for other general corporate purposes.
ASND

Hot Stocks

08:39 EST Ascendis Pharma, Vector Pharma FZCO enter exclusive distribution agreement - Vector Pharma FZCO entered into an exclusive distribution agreement with Danish company Ascendis Pharma to commercialize both Skytrofa and Yorvipath in the Gulf Cooperation Council countries of Saudi Arabia, United Arab Emirates, Kuwait, Oman, Qatar and Bahrain. Under the terms of this exclusive distribution agreement, Vector will employ its sales and marketing expertise to distribute both Skytrofa and Yorvipath to patients in the GCC countries for the treatment of pediatric growth hormone deficiency in the case of Skytrofa, and adult hypoparathyroidism in the case of Yorvipath.
IRTC

Hot Stocks

08:38 EST iRhythm says grew Q4 patient registrations in excess of 22% y/y - "This past year has been truly transformative for iRhythm as we have made exceptional strides towards advancing our vision to bring innovative, trusted solutions to millions of patients," said Quentin Blackford, iRhythm's President and CEO. "In 2023, we accelerated momentum in both existing customer channels and new ones, initiated the largest product launch in the company's history, released a refreshed patient mobile application to drive digital engagement, implemented enhancements like Afib burden into our Zio AT reports for our physician customers, published the CAMELOT data that showed monitoring with the Zio service is more likely to prevent retesting and get to a diagnosis, and opened our global business services center in the Philippines to continue driving operational efficiency on a global scale. I am so excited that we are rapidly approaching nearly 8 million reports posted since the company's inception, and these important milestones are exemplary of the progress that we are driving at iRhythm to bring our platform technology to more patients worldwide."
OLMA

Hot Stocks

08:37 EST Olema Oncology nominates OP-3136 as development candidate - Olema Pharmaceuticals announced the selection of a development candidate for the Company's program targeting KAT6, an epigenetic target that is dysregulated in breast cancer and other cancers. The compound, named OP-3136, is an orally bioavailable, potent KAT6A/B-selective inhibitor developed by Olema in collaboration with Aurigene Oncology. Olema presented data regarding the discovery and pre-clinical development of its KAT6 program in a poster session at the 2023 AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in Boston, Massachusetts. OP-3136 is orally bioavailable in multiple non-clinical species with desirable pharmacokinetics and has demonstrated highly selective and potent activity against KAT6A and KAT6B versus other KAT family members. In KAT6-amplified and overexpressing estrogen receptor-positive breast cancer cell lines, OP-3136 strongly inhibited cell proliferation whereas KAT6-low cell lines were insensitive to the compounds. In a non-clinical xenograft model, OP-3136 caused dose-dependent tumor growth inhibition and tumor regression comparable to or better than a positive-control patented KAT6 inhibitor and demonstrated synergy in combination with CDK4/6 inhibitors or palazestrant. Olema is initiating non-clinical Investigational New Drug enabling studies in order to support a potential IND submission to the U.S. Food and Drug Administration for OP-3136 by the end of 2024.
VCYT

Hot Stocks

08:37 EST Veracyte to acquire C2i Genomics for $70M upfront - Veracyte announced it has reached a definitive agreement to acquire C2i Genomics, a minimal residual disease, or MRD, detection company, adding whole-genome MRD capabilities to its novel diagnostics platform and positioning Veracyte to expand its offerings along the cancer care continuum. Under the terms of the agreement, Veracyte will pay $70M in Veracyte shares at closing, and up to an additional $25M based on the achievement of future performance milestones over the next two years, payable in Veracyte shares or cash at Veracyte's election. Veracyte's first application of C2i Genomics' technology will be a muscle-invasive bladder cancer MRD test, where it plans to leverage its strong urology commercial channel and a clear pathway to expected reimbursement. The company plans to develop further MRD tests in several of its focused indications. Veracyte expects the upfront purchase price to be subject to customary balance sheet adjustments and the transaction to close in the first quarter of 2024.
INFN

Hot Stocks

08:36 EST Infinera's optical transport solution deployed by Xarxa Oberta de Catalunya - Infinera announced that Xarxa Oberta de Catalunya deployed Infinera's XTM Series to meet the growing broadband demands of government networks across the Catalonia region in Spain. With Infinera's XTM packet-optical solution, Xarxa Oberta can provide government networks up to 400 GbE services on its fiber optic network. Xarxa Oberta also tested Infinera's ICE6 solution on the GX Series Compact Modular Platform, validating its ability to run optical signals up to 800G on its network to allow for scaling in the future. Infinera's XTM Series equips Xarxa Oberta with a range of innovative packet optical transport solutions to deliver an architecture optimized for the needs of the region. The XTM Series solution enhances Xarxa Oberta's network, enabling it to extend flexible, reliable high-capacity connectivity with low power consumption to government networks.
EGLXF

Hot Stocks

08:35 EST Enthusiast Gaming CEO Nick Brien resigns, Adrian Montgomery named interim - Enthusiast Gaming Holdings announced that Nick Brien has provided notice of his resignation as Chief Executive Officer and director of the Company, which resignation became effective upon acceptance of the Board of Directors on January 8, 2024. The Company has appointed the current Chairman of the Board, Adrian Montgomery, as interim CEO. Mr. Montgomery previously served as CEO of Enthusiast Gaming from its inception until March of 2023, when he had led the Company through periods of consistent and significant growth. The Board intends to commence a search process to select a new CEO who will lead the Company into its next phase of growth.
SDA

Hot Stocks

08:34 EST SunCar Technology signs vehicle service contract with China Construction Bank - SunCar Technology Group announced a two-year exclusive vehicle service contract with the Fujian Branch of China Construction Bank, one of the most prestigious financial institutions in China. SunCar expects to derive cumulative revenue from the contract valued at approximately $3.5M. Following a competitive bidding process, SunCar was selected as the exclusive provider of vehicle services for the customers of China Construction Bank's Fujian Branch. This win underscores SunCar's trusted reputation in the industry and position as the leading choice for after-sales car services in China. SunCar's extensive network of 460 car wash locations across Fujian allows the Company to offer an unparalleled car wash experience to tens of thousands of China Construction Bank customers, ensuring their vehicles are cared for with the utmost professionalism.
ALHC

Hot Stocks

08:34 EST Alignment Healthcare announces health plan membership increased 44% - Alignment Healthcare announced that its Alignment Health Plan membership has increased by 44% to a total of approximately 155,500 members as of Jan. 1, following a successful Annual Enrollment Period, as compared to its membership as of Jan. 1, 2023. "Alignment's purpose-built Medicare Advantage platform gives us the visibility and control to serve seniors the right way," said John Kao, founder and CEO of Alignment Healthcare. "This visibility and control have helped us improve stars, effectively manage care and create competitively advantaged products that led to the exceptional growth we achieved. Companies that prioritize happy and healthy members can indeed do well by doing good, and Alignment is proof of that." Additionally, the company expects to have 162,000 to 164,000 members by the end of 2024, based on its expectations for continued membership growth during the year. With its strong membership growth, the company is reaffirming its expectation to achieve adjusted earnings before interest, taxes, depreciation and amortization breakeven in 2024.
OSA

Hot Stocks

08:34 EST ProSomnus comments on insurance coverage policy update - ProSomnus welcomes the adoption of UnitedHealthcare's updated medical policy for Obstructive and Central Sleep Apnea, effective March 1, 2024. The updated policy will establish oral appliance therapy, such as ProSomnus's Precision OAT devices, as prerequisite therapy for Implantable Hypoglossal Nerve Stimulation in adult patients with moderate to severe OSA. Specifically, the policy states, "Failure of adequate trial of Oral Appliance therapy," as the new medical policy of UHC. "I am pleased to see this policy update acknowledging the role of oral appliances in the continuum of care for Obstructive Sleep Apnea," commented Edward T. Sall, MD, DDS, MBA. "Recent research has demonstrated that modern, precision oral appliances are effective and safe. It is good medical practice to exhaust the available, non-invasive, reversible treatment options before moving to surgical options."
MICS STGYF

Hot Stocks

08:33 EST Singing Machine, Stingray Group unveils karaoke gaming, scoring capabilities - The Singing Machine Company announced a major new milestone in its partnership with Stingray to launch the next-generation karaoke experience for use in the automotive space. Singing Machine will be debuting the automotive karaoke experience at the Consumer Electronics Show in Las Vegas from January 9-12, 2024 by appointment only. As one of the world's largest music technology companies, Singing Machine's strategic partner Stingray announced a major innovation to its automotive karaoke app. The upgraded application now includes vocal scoring and gamification features on its entire 100,000+ karaoke song catalog. Singing Machine has partnered with Stingray to support the new features with a fully integrated in-car karaoke microphone with built-in pitch detection. The Singing Machine automotive microphone will also include unique vocal enhancements such as "live" pitch correction, vocal effects and anti-howling.
LQDA UTHR

Hot Stocks

08:31 EST Liquidia files response and counterclaims to United Therapeutics lawsuit - Liquidia (LQDA) "announced it filed its answer, affirmative defenses and a partial motion to dismiss in response to the amended patent infringement complaint filed by United Therapeutics Corporation (UTHR) on November 30, 2023, under the Drug Price Competition and Patent Term Restoration Act in the U.S. District Court for the District of Delaware (District Court) that alleges the infringement of U.S. Patent No. 10,716,793 (the '793 patent) and U.S. Patent No. 11,826,327 (the '327 patent) in association with Liquidia's New Drug Application for YUTREPIA (treprostinil) inhalation powder. Simultaneously, Liquidia filed counterclaims against UTHR seeking a declaration that all asserted claims of the '327 patent are not infringed, are invalid and are unenforceable. Furthermore, the counterclaims summarize certain publications, references and information that UTHR failed to submit to the United States Patent and Trademark Office during the prosecution of the '327 patent." CEO Dr. Roger Jeffs said: "United Therapeutics seeks to interfere with our launch of YUTREPIA in PH-ILD by relitigating the same '793 patent that was previously found to be invalid and asserting a new patent that was procured without submitting highly material prior art references and important additional information to the USPTO. We will continue to aggressively defend ourselves and the ability of patients suffering from PAH and PH-ILD to have a choice of products to treat their rare and deadly disease."
ARDX

Hot Stocks

08:31 EST Ardelyx provides update, 2024 strategic priorities - Ardelyx provided an update on the company's progress in 2023 and initial expectations for 2024. IBSRELA Preliminary 2023 Revenue, 2024 Guidance and Revised Peak Sales Expectations: U.S. net product sales revenue for the first full calendar year of commercialization of IBSRELA is expected to be approximately $80 million, subject to adjustment in connection with preparation of audited financial statements, following consistent quarter-over-quarter growth and strong performance across all key indicators, including new and repeat writers and new and refill prescriptions. Ardelyx expects IBSRELA to achieve greater than ten percent market share at peak and generate more than $1.0 billion in annual U.S. net product sales revenue before patent term expiration. In 2024, the company will continue to invest to support future realization of the full potential for IBSRELA, including the expansion of the IBSRELA sales team, additional promotional programming and omnichannel digital capabilities, increased sampling availability, and expanded support provided by the ArdelyxAssist patient services program. Ardelyx currently expects full-year 2024 U.S. net product sales revenue for IBSRELA to be between $140.0 and $150.0 million. XPHOZAH Launch Progress and Preliminary 2023 Revenue: Following approval by the U.S. Food and Drug Administration of XPHOZAH in October 2023 and launch in November 2023, Ardelyx has seen a strong initial response from the nephrology community. U.S. net product sales revenue for the first quarter of commercialization of XPHOZAH is expected to be approximately $2.5 million, subject to adjustment in connection with preparation of audited financial statements. Strong Cash Position: As of December 31, 2023, the company had total cash, cash equivalents and short-term investments of approximately $184 million. Ardelyx had approximately 232 million shares outstanding as of December 31, 2023.
XENE

Hot Stocks

08:29 EST Xenon Pharmaceuticals outlines milestone opportunities for 2024 - Xenon Pharmaceuticals outlined progress within its pipeline programs and key milestones for 2024. Pipeline Programs and Anticipated Milestones: XEN1101 is a novel, potent Kv7 potassium channel opener being developed for the treatment of epilepsy, major depressive disorder, and potentially other neurological disorders. Xenon anticipates that patient enrollment in X-TOLE2 will be completed in the second half of 2024. XEN1101 for Epilepsy: Xenon's Phase 3 X-ACKT clinical trial is intended to support potential regulatory submissions in an additional epilepsy indication of primary generalized tonic-clonic seizures, or PGTCS. This multicenter, randomized, double-blind, placebo-controlled study is evaluating the clinical efficacy, safety, and tolerability of 25 mg of XEN1101 administered with food as adjunctive treatment in approximately 160 patients with PGTCS. XEN1101 for Epilepsy: Upon completion of the double-blind period in X-TOLE2, X-TOLE3, or X-ACKT, eligible patients may enter an open-label extension, or OLE, study for up to three years. In addition, the ongoing X-TOLE Phase 2b OLE continues to generate important long-term data for XEN1101. XEN1101 for Major Depressive Disorder: Xenon is actively assessing various clinical and regulatory pathways to support late-stage clinical development of XEN1101 in MDD and expects to initiate the Phase 3 clinical program in 2024. Xenon is also evaluating other potential indications for the future development of XEN1101. In addition, Xenon is collaborating with the Icahn School of Medicine at Mount Sinai to support an ongoing investigator-sponsored Phase 2 proof-of-concept, randomized, parallel-arm, placebo-controlled multi-site study of XEN1101 for the treatment of MDD in approximately 60 subjects. Partnered Programs: Xenon has an ongoing collaboration with Neurocrine Biosciences to develop treatments for epilepsy. Pre-Clinical Programs: Xenon continues to leverage its extensive ion channel expertise and drug discovery capabilities to identify validated drug targets and develop new product candidates. The near-term focus is on development candidates targeting Kv7, Nav1.1 and Nav1.7 where Xenon expects multiple candidates will enter IND-enabling studies in 2024 and 2025. Additional updates will be provided as these pre-clinical drug candidates advance through IND-enabling studies and into clinical development.
MWRK

Hot Stocks

08:29 EST MetaWorks Platforms extends AI-powered chatbot offering - MetaWorks Platforms announced the launch of StockHolder.ai. StockHolder.ai will serve as the primary destination for the AI-Powered investor relations & chatbot business launched by MetaWorks in December. MetaWorks has begun rolling out a full AI-Powered investor relations offering that now has the ability to ingest a company's news and stock information daily and in near real time and use AI to generate video press releases, content and more.
MRKR

Hot Stocks

08:29 EST Marker Therapeutics announces clinical program updates, pipeline prioritization - The company states: "Marker Therapeutics announced a restructuring of its clinical programs and a strategic prioritization of its multi-tumor associated antigen (multiTAA)-specific T cell product pipeline. In addition, the Company reported a clinical update on the Phase 2 ARTEMIS study investigating MT-401, a multiTAA-specific T cell product, for the treatment of patients with acute myeloid leukemia. Following the non-dilutive transaction with Cell Ready, Marker has made significant progress on clinical and corporate restructuring with the objective of accelerating the commercial development of our unique multiTAA technology. The Company today announced the prioritization of MT-601 in chimeric antigen receptor (CAR) relapse patients with lymphoma. This strategic decision was made based on 1) the Company's promising non-clinical and clinical data using the multiTAA technology in lymphoma, and 2) the lack of an approved treatment for patients who experience relapse after treatment with CD19 CAR T, which is a clear unmet medical need and provides an opportunity for accelerated product development. Today, Marker is providing a clinical update on the Phase 2 ARTEMIS clinical study, and the direction it will pursue. This multicenter study is evaluating the safety and efficacy of MT-401 in patients with AML after allogeneic hematopoietic stem cell transplantation. A total of 8 patients with MRD+ AML after HSCT were enrolled and treated with MT-401. None of the 8 treated patients experienced a drug related adverse event. Of the 8 treated patients, 4 experienced a clinical benefit, with 3 showing a conversion to MRD-negative, and one patient showing a partial response with a logarithmic reduction of MRD levels by PCR. One patient has not yet had the first assessment post treatment. Of the 8 treated patients in the study, only 1 patient had documented disease progression and was taken to a second transplant. The other 3 patients were taken off the study for reasons unrelated to the clinical outcome. Obtaining timely consent and re-accessing HSCT donors for apheresis for the manufacture of MT-401 caused delayed patient accrual and patient eligibility issues. Consequently, the rapid progression of disease contributed to some patients to withdraw from the study prior to administration of study product. Therefore, to streamline resources and to reduce time to treatment, Marker intends to focus on a ready for use product from commercially available leukapheresis material and will discontinue the patient-specific part of the AML program." CEO Juan Vera stated: "The data demonstrate the safety of MT-401 and provide evidence that MT-401 could benefit patients with MRD+ AML. Decreasing the time to treatment is critical when it comes to the treatment of patients that suffer from rapidly progressing cancers, such as patients with MRD in AML, which typically advances rapidly into frank relapse with poor outcomes. We believe using commercial leukapheresis material from healthy donors can bypass the bottleneck associated with donor identification and facilitate large-scale manufacturing. This approach is expected to not only reduce manufacturing costs, but also expedite time to treatment to as little as 72 hours. We are currently working to initiate the clinical study and anticipate that the first patient with AML will be treated with MT-401 manufactured from healthy donors in the second half of 2024."
GEHC

Hot Stocks

08:28 EST GE HealthCare buys MIM Software in accretive deal, terms undisclosed - GE HealthCare announced it has entered into an agreement to acquire MIM Software, a global provider of medical imaging analysis and artificial intelligence AI solutions for the practice of radiation oncology, molecular radiotherapy, diagnostic imaging, and urology at imaging centers, hospitals, specialty clinics, and research organizations worldwide. GE HealthCare expects to leverage MIM Software's imaging analytics and digital workflow capabilities across various care areas to accelerate innovation and differentiate its solutions for the benefit of patients and healthcare systems around the world. GE HealthCare expects to integrate MIM Software solutions into its advanced visualization offerings to facilitate AI-based segmentation and contouring as well as dosimetry analysis for patients across their treatment journeys and in the growing fields of radiology, molecular imaging, and radiation oncology. Founded in 2003, MIM Software is headquartered in Cleveland, Ohio, with additional offices in China and Belgium. The consummation of the transaction is subject to customary closing conditions, including regulatory approvals. Financial details of the transaction have not been disclosed publicly. GE HealthCare intends to fund this transaction with cash on hand. The Company expects this transaction to be neutral to Adjusted EBITi in year one and accretive thereafter.
MLAB MYGN

Hot Stocks

08:28 EST Mesa Labs appoints Mark Capone to board of directors - Mesa Laboratories announced the appointment of Mark Capone to its Board of Directors, effective January 5, 2024. Following Mr. Capone's election, the Mesa Board will be comprised of 7 directors, the majority of whom are independent. The Board is committed to ongoing director refreshment and continues to consider new, qualified independent directors. Capone most recently served as CEO and President of Myriad Genetics for five years
WIMI

Hot Stocks

08:27 EST WiMi Hologram Cloud develops PBO-based dynamic optimization algorithm - WiMi Hologram Cloud announced that the probability of backtest overfitting algorithm was used to blockchain and bitcoin trading strategies. PBO is computed based on the combinatorial symmetric cross-validation framework and is designed to quantify the risk of overfitting in small sample backtests. With PBO, it is possible to assess the overfitting probability of a strategy in a single backtest, thus reducing the risk of a poorly performing live model. However, relying on backtesting results alone is not enough. In order to obtain models that perform better out-of-sample, WiMi has developed a dynamic optimization algorithm based on PBO, namely the "PBO-DOA algorithm". This algorithm is important in quantitative trading because it can dynamically optimize the model's parameters to help investors build optimal portfolios.
GEHC

Hot Stocks

08:26 EST GE HealthCare to acquire MIM Software in accretive deal, no terms - Financial details of the transaction have not been disclosed publicly. GE HealthCare intends to fund this transaction with cash on hand. The Company expects this transaction to be neutral to Adjusted EBITi in year one and accretive thereafter.
NVRI

Hot Stocks

08:25 EST Enviri's Harsco Environmental secures multi-million dollar contract renewal - Harsco Environmental, a division of Enviri Corporation, announced that it has successfully renewed a multi-year services contract with SULB Company (SULB), a manufacturer of multi-sized angles and beams in the Gulf Cooperation Council. The renewal marks the third consecutive contract extension since 2012. Under this 5-year contract, Harsco Environmental will continue to provide slag and scrap management, finished and semi-finished product handling, yard management, briquetting services and slag processing allowing recovering of valuable metallic and utilization of slag for different applications. "SULB and Harsco Environmental share common values and have aligned vision focusing on people, safety, and sustainability," said Ravi Singh, CEO of SULB Company. "This renewal is a sign of SULB trust on Harsco Environmental consistent performance and hard work in maintaining high quality, safety and operating standards in today's challenging environment."
ADTX

Hot Stocks

08:25 EST ADiTx Therapeutics trading halted, news pending
CODI

Hot Stocks

08:24 EST Compass Diversified announces investment team promotions - Compass Diversified announces the promotions of investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen. Raj Dalal - As Partner, Raj will lead the investment team at the firm's West Coast office. He is responsible for originating and evaluating new investment opportunities, executing transactions and working with the firm's subsidiaries across the branded consumer and niche industrials sectors. He is a director of Altor Solutions, Ergobaby and Lugano Diamonds and works closely with 5.11 Tactical, BOA and Sterno. Promoted to Principal from Vice President: Lucas Scholhamer - Lucas is a member of the investment team at the firm's East Coast office. He is a director of Sterno and works closely with PrimaLoft and Velocity Outdoor. Promoted to Senior Associate from Associate: Phoebe Madsen - Phoebe is a member of the investment team at the firm's West Coast office. Her current subsidiaries include 5.11 Tactical and Lugano Diamonds. Prior to joining CODI in 2022, Phoebe worked at BDT Capital Partners in Chicago. Phoebe is a graduate of Claremont McKenna College.
WVE

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08:24 EST Wave Life Sciences: Selection of clinical candidate in obesity planned for Q3 - The company says it has identified potent and highly specific INHBE siRNA leads and now expects to select an INHBE clinical candidate in the third quarter of 2024, ahead of expectation. This would enable clinical trial application submission in 2025, Wave said in a statement. Wave also said it plans to deliver proof-of-mechanism data in individuals with AATD in 2024 for WVE-006. Dosing is underway in a potentially registrational FORWARD-53 trial evaluating WVE-N531 in DMD; 24-week data, including dystrophin from muscle biopsies, expected in Q3, the company added. Also, WVE-003 30 mg Q8W multi-dose data with extended follow-up is on track for 2Q 2024; most advanced program designed to lower mutant HTT while also sparing wild-type HTT, Wave said.
GEHC

Hot Stocks

08:24 EST GE HealthCare buys medical imaging analysis AI firm MIM Software - GE HealthCare announced it has entered into an agreement to acquire MIM Software, a global provider of medical imaging analysis and artificial intelligence AI solutions for the practice of radiation oncology, molecular radiotherapy, diagnostic imaging, and urology at imaging centers, hospitals, specialty clinics, and research organizations worldwide. GE HealthCare expects to leverage MIM Software's imaging analytics and digital workflow capabilities across various care areas to accelerate innovation and differentiate its solutions for the benefit of patients and healthcare systems around the world. GE HealthCare expects to integrate MIM Software solutions into its advanced visualization offerings to facilitate AI-based segmentation and contouring as well as dosimetry analysis for patients across their treatment journeys and in the growing fields of radiology, molecular imaging, and radiation oncology. Founded in 2003, MIM Software is headquartered in Cleveland, Ohio, with additional offices in China and Belgium. The consummation of the transaction is subject to customary closing conditions, including regulatory approvals. Financial details of the transaction have not been disclosed publicly. GE HealthCare intends to fund this transaction with cash on hand. The Company expects this transaction to be neutral to Adjusted EBITi in year one and accretive thereafter.
DNLI

Hot Stocks

08:24 EST Denali Therapeutics announces key anticipated 2024 milestones, priorities - Denali Therapeutics announced program progress and expected milestones for 2024. Tividenofusp alfa: MPS II: 2024 expected progress and milestones: Complete enrollment of global Phase 2/3 COMPASS study in MPS II; Presentation of additional interim Phase 1/2 data at WORLDSymposium and at the Society for the Study of Inborn Errors of Metabolism Annual Symposium. DNL343: ALS: 2024 expected progress and milestones: Complete enrollment of participants in Regimen G in Phase 2/3 HEALEY ALS Platform Trial. SAR443820/DNL788: ALS, MS: 2024 expected progress and milestones: Sanofi to announce topline results from the Phase 2 HIMALAYA study in ALS in the first half of 2024; Continue K2 Phase 2 study in MS. BIIB122/DNL151: Parkinson's disease: 2024 expected progress and milestones: Continue Phase 2b LUMA study in early-stage Parkinson's disease. Eclitasertib UC: 2024 expected progress and milestones: Continue Phase 2 UC study. TAK-594/DNL593: Frontotemporal Dementia-Granulin: 2024 expected progress and milestones: Continue Part B of the Phase 1/2 study in FTD-GRN. DNL126: MPS IIIA: 2024 expected progress and milestones:Biomarker proof of concept and safety data from the Phase 1/2 study by the end of 2024
VERA

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08:23 EST Vera Therapeutics appoints Robert Brenner as CMO, William Turner as CDO - Vera Therapeutics announced the appointments of two industry veterans to help lead the development of the company's drug programs including its late-stage product candidate, atacicept, to treat autoimmune diseases, currently in a Phase 3 clinical trial for IgA nephropathy. The company has appointed Robert M. Brenner, M.D., as Chief Medical Officer to succeed Dr. Celia Lin, M.D.; and William D. Turner as Chief Development Officer, effective immediately. Brenner has previously served in executive roles in several clinical-stage biotech companies, including Chief Medical Officer at Orionis Biosciences and SVP of Medical Affairs at AMAG Pharmaceuticals. Prior to joining Vera, Mr. Turner served as the Chief Regulatory and Technical Operations Officer at Sierra Oncology
CORT

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08:23 EST Corcept Therapeutics announces $200M stock buyback - The company states: "Our Board of Directors has approved a program authorizing the repurchase of up to $200 million of the company's common stock. Purchases under this program may be made in the open market, in privately negotiated transactions or otherwise. The timing and amount of any repurchases will be determined based on market conditions, our stock price and other factors. The program does not require the company to repurchase any specific number of shares of its common stock and may be modified, suspended or discontinued at any time without notice."
HPQ

Hot Stocks

08:21 EST HP Inc. announces latest portfolio of PCs, monitors, peripherals - HP ushered in a new era of computing with its latest portfolio of PCs, monitors, and peripherals designed to reimagine how people interact and live with technology. "We believe that the best innovations are also the most personal ones," said Samuel Chang, Senior Vice President & Division President of Personal Systems Consumer Solutions, HP Inc. "New technologies from HP deliver solutions that allow us to be more personalized than ever, taking advantage of game-changing innovations like AI that will alter the way that technology moves us forward." The company announced optimizations and responsive experiences with the HP Spectre x360 14 inch 2-in-1 Laptop PC and the HP Spectre x360 16 inch 2-in-1 Laptop PC. Peripherals for everyday experience include: Poly Voyager Free 20 wireless earbuds; HP 960 Ergonomic Wireless Keyboard; and more
AEO

Hot Stocks

08:21 EST American Eagle raises Q4 operating profit view to $130M from $105M-$115M - American Eagle announced that fourth quarter-to-date revenue, through Saturday, December 30, 2023, is up approximately 8%, with American Eagle tracking up high single digits and Aerie up in the low teens. The company said, "The company is raising its fourth quarter outlook for revenue to be up low double digits, including a four point positive contribution from the 53rd week, as previously discussed. Operating profit is now expected to be approximately $130 million, up from previous guidance of $105 to $115 million. This guidance excludes potential asset impairment and restructuring charges. The improved outlook is a result of record holiday sales and strong merchandise margins."
BIOR

Hot Stocks

08:20 EST Biora Therapeutics initiates Phase 1 clinical study of BT-600 - Biora Therapeutics announced initiation of its phase 1, first-in-human clinical study of BT-600 in healthy adult volunteers. BT-600 is a drug-device combination program consisting of the orally administered NaviCap device which delivers a unique, liquid formulation of tofacitinib to the colon for the potential treatment of moderate to severe ulcerative colitis.
AFMD

Hot Stocks

08:19 EST Affimed announces strategic restructuring, reducing headcount by 50% - Affimed "announces a restructuring initiative aimed at transforming the Company into a focused clinical organization, positioned to successfully advance its clinical programs to key value inflection points. Key highlights of the restructuring plan include: Focus on Clinical Programs: Affimed will direct all resources towards advancing the development of its clinical programs; Workforce reduction - Affimed will reduce its workforce by up to 50% by dissolving its research and preclinical development departments, aligned with the Company's narrowed strategic priorities; Prolonged Cash Runway - The restructuring plan announced today will extend Affimed's cash runway into H2 of 2025."
PLNT

Hot Stocks

08:19 EST Planet Fitness announces key year-end operational metrics - As of December 31, 2023, Planet Fitness grew its membership to approximately 18.7 million members, an increase of 1.7 million since the end of 2022, and full year system-wide same store sales increased by 8.7 percent. Additionally, in 2023, the company placed equipment in 135 new franchised locations and opened 165 new Planet Fitness stores, including 18 corporate-owned locations, bringing system-wide total stores to 2,575. "We are pleased to have delivered another strong year of member growth, demonstrating important momentum for our business, and continued recovery from the impact of COVID interruptions. Our New Growth Model, which reduces the capital requirements for opening and operating a Planet Fitness location, underscores our focus on utilizing a disciplined, data-driven approach to improving store level returns. As we navigate a dynamic macro-economic environment, we remain committed to delivering long-term sustainable growth while balancing the needs of all stakeholders, including the franchisor, franchisees, shareholders, and most importantly, our members," said Craig Benson, Interim CEO. "The search for our new CEO is well underway. The Board is focused on finding a leader they believe will guide us in capturing the growth opportunities that lie ahead."
HPQ

Hot Stocks

08:19 EST HP Inc. announces innovations across OMEN, HyperX brands - HP unveiled its gaming portfolio with innovations across its OMEN and HyperX brands. New laptops, accessories, and software are all designed to work together to create a seamless gaming ecosystem so gamers can focus on what they do best - play. "Computing continues to become more personal, and this is especially true in the gaming community," said Josephine Tan, Senior Vice President & Division President of Personal Systems Gaming Solutions, HP Inc. "Whether it is your gaming laptop, monitor, or accessory, HP has developed a customizable and personalized solution that can be tailored to your need."
AFMD

Hot Stocks

08:18 EST Affimed CEO Adi Hoess to step down - Affimed N.V. announced that Dr. Adi Hoess, Chief Executive Officer and member of the Management Board, will step down effective January 15, 2024. Dr. Hoess joined Affimed in October 2010 and has served as its Chief Executive Officer since September 2011. The Company has initiated a comprehensive search process to identify a successor CEO. In the interim, Dr. Andreas Harstrick, Chief Medical Officer of the Company, will assume the role of interim CEO until a new CEO is appointed. Andreas has nearly 25 years of extensive experience in cancer drug development, including strategic leadership of three global phase 3 programs of new biological entities that culminated in global regulatory approvals, and multiple pivotal phase 3 studies. Given the clinical focus of the company, Andreas is well positioned to lead the company through the transition to a new CEO while continuing as CMO.
GNTX

Hot Stocks

08:18 EST Gentex enters partnership with Solace - Gentex Corporation announced a partnership agreement with Solace Power, an innovative wireless power transfer technology company. The goal of the collaboration is to further develop, manufacture, and commercialize Solace's unique wireless power systems within a wide variety of industries. The collaboration brings with it a strategic investment by Gentex in Solace Power. Solace Power specializes in making wireless power and data transfer practical for applications across a broad spectrum of industries, including automotive, telecommunications, smart home, aerospace, and healthcare. The company's proprietary technology, supported by 27 patents and hundreds of trade secrets, can continuously deliver up to 3 kilowatts of power at distances up to 375mm through various mediums including air, glass, wood, and concrete. With its vast range of capabilities, Solace's technology unlocks significant improvements in manufacturability, power transfer reliability, and spatial freedom. While Solace already maintains a diverse customer base, the companies hope to leverage Gentex's manufacturing and product development capabilities to help Solace achieve market scale. Gentex believes Solace's technology not only has immediate applications in its current product portfolio, but also stands to play an important role in the company's continued expansion into new markets.
HRMY

Hot Stocks

08:17 EST Harmony Biosciences sees FY24 net product revenue $700M-$720M
HRMY

Hot Stocks

08:17 EST Harmony Biosciences sees Q4, FY23 net product revenue growth of over 30% - The company also provided 2024 net product revenue guidance of $700 to $720 million and outlined key priorities in advance of its presentation at the 42nd Annual J.P. Morgan Healthcare Conference on Wednesday, January 10, 2024 at 5:15 p.m. PT / 8:15 p.m. ET. "In 2023, Harmony advanced our clinical development programs and diversified our portfolio while achieving net revenue of approximately $582 million," said Jeffrey M. Dayno, M.D., Harmony President and CEO. "We enter 2024 poised to generate up to $720 million in net revenue and are well on our way toward a one billion dollar plus opportunity for WAKIX in adult narcolepsy alone. Leveraging our strong cash position, as well as our expertise in clinical development and commercial execution, we will continue to advance our growth strategy by adding new products to build out a robust pipeline." Preliminary, unaudited net product revenue for the quarter ended December 31, 2023, was approximately $168 million, compared to $128.3 million for the same period in 2022, representing ~31% growth. Preliminary, unaudited net product revenue for the full year ended December 31, 2023, was approximately $582 million, compared to $437.9 million for the same period in 2022, representing ~33% growth. The average number of patients on WAKIX increased by approximately 350 sequentially to approximately 6,150 for the quarter ended December 31, 2023.
HRMY

Hot Stocks

08:16 EST Harmony Biosciences sees Q4, FY23 net product revenue revenue of over 30% - The company also provided 2024 net product revenue guidance of $700 to $720 million and outlined key priorities in advance of its presentation at the 42nd Annual J.P. Morgan Healthcare Conference on Wednesday, January 10, 2024 at 5:15 p.m. PT / 8:15 p.m. ET. "In 2023, Harmony advanced our clinical development programs and diversified our portfolio while achieving net revenue of approximately $582 million," said Jeffrey M. Dayno, M.D., Harmony President and CEO. "We enter 2024 poised to generate up to $720 million in net revenue and are well on our way toward a one billion dollar plus opportunity for WAKIX in adult narcolepsy alone. Leveraging our strong cash position, as well as our expertise in clinical development and commercial execution, we will continue to advance our growth strategy by adding new products to build out a robust pipeline." Preliminary, unaudited net product revenue for the quarter ended December 31, 2023, was approximately $168 million, compared to $128.3 million for the same period in 2022, representing ~31% growth. Preliminary, unaudited net product revenue for the full year ended December 31, 2023, was approximately $582 million, compared to $437.9 million for the same period in 2022, representing ~33% growth. The average number of patients on WAKIX increased by approximately 350 sequentially to approximately 6,150 for the quarter ended December 31, 2023.
ACON ATEC

Hot Stocks

08:16 EST Aclarion, ATEC execute strategic partnership agreement - Aclarion has executed a strategic partnership agreement solidifying the previously signed non-binding Letter of Intent with Alphatec Spine, Inc., the wholly owned operating subsidiary of Alphatec Holdings. Uniting the unique structural information powered by ATEC's AlphaInformatiX platform with the innovative biomarker data that enables Aclarion's Nociscan solution to help identify potentially painful discs will provide surgeons with unprecedented data on one platform. That platform will be designed to improve clinical outcomes, while reducing overall procedural costs for patients with chronic low back pain. The agreement memorializes a multi-step strategic partnership in which ATEC and Aclarion have committed to work together to identify key opinion leader surgeons to evaluate the Nociscan technology. Feedback from the surgeons will inform clinical evaluations designed to assess the utility of Nociscan in conjunction with EOS imaging, the foundation of ATEC's AlphaInformatiX platform. As positive synergies emerge, ATEC and Aclarion intend to co-market Nociscan in targeted markets. In exchange for select access to ATEC's surgeon network for the evaluation and advancement of Nociscan, Aclarion has agreed to provide ATEC with certain exclusive distribution rights to include Nociscan as part of an integrated procedural solution.
SCHL

Hot Stocks

08:15 EST Scholastic names Haji Glover as CFO, succeeding Ken Cleary - Scholastic announced that Haji Glover has been named Scholastic's Executive Vice President & CFO, effective January 22. Succeeding current CFO Ken Cleary, who will fully transition to his new role as President of International, Glover will lead Scholastic's global finance organization, overseeing all financial functions, including financial reporting, planning and analysis, controllership, tax and treasury. He will be focused on facilitating growth across Scholastic's leading businesses while supporting Scholastic's long-term strategy and capital allocation priorities. Glover will be a member of the executive committee and report to Scholastic President and CEO Peter Warwick in New York.
KIDS

Hot Stocks

08:15 EST OrthoPediatrics announces acquisition of Boston Orthotics & Prosthetics - OrthoPediatrics announced that it has acquired Boston Orthotics & Prosthetics, a leader in pediatric orthotic management for over 50 years. Additionally, in advance of the acquisition, the Company closed a debt financing with MidCap Financial which provides up to $80 million of capital, through the combination of a term loan and revolving loan, replacing its prior unused $50 million line of credit. Partnering with world class medical facilities, including Boston Children's Hospital, Children's Hospital of Philadelphia, Nationwide Children's Hospital in Columbus, Ohio, and Phoenix Children's Hospital, Boston O&P maintains 26 patient care clinics across the U.S. Boston O&P's recent annual historical revenue is approximately $25 million. Transaction Details and Debt Financing: Under terms of the transaction, signed and closed on January 5, 2024, OrthoPediatrics has acquired Boston O&P for an upfront cash payment of $22 million. Post closing, OrthoPediatrics cash and restricted cash balance is approximately $60 million. In advance of the acquisition, OrthoPediatrics entered into a new credit agreement with MidCap Financial, consisting of term loan and revolving loan. The term loan provides up to $30 million of capital and the revolving loan provides up to an additional $50 million, for a total availability of $80 million. The credit agreement replaces the previously unused $50 million line of credit with Squadron Capital. In advance of the acquisition, OrthoPediatrics drew an initial $10 million from the term loan.
SPR...

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08:14 EST Spirit AeroSystems issues statement on Alaska Airlines flight 1282 - "We are grateful the Alaska Airlines crew performed the appropriate procedures to land the airplane with all passengers and crew safe. At Spirit AeroSystems, our primary focus is the quality and product integrity of the aircraft structures we deliver. Spirit is a committed partner with Boeing on the 737 program, and we continue to work together with them on this matter. Spirit is following the protocols set by the regulatory authorities that guide communication in these types of circumstances and we will share further information when appropriate."
FATE

Hot Stocks

08:14 EST Fate Therapeutics announces initiation of Phase 1 trial of FT825/ONO-8250 - Fate Therapeutics announced the initiation of enrollment for its Phase 1 clinical trial of FT825 / ONO-8250, a multiplexed-engineered, chimeric antigen receptor T-cell product candidate targeting human epidermal growth factor receptor 2. The iPSC-derived CAR T-cell product candidate incorporates a novel HER2-targeted antigen binding domain and is designed to overcome unique challenges in treating solid tumors. The Phase 1 study of FT825 / ONO-8250 is being conducted under a strategic collaboration with Ono Pharmaceutical Co. Designed using the Company's iPSC Product Platform, FT825 / ONO-8250 incorporates seven novel synthetic controls of cell function including a CXCR2 receptor to promote cell trafficking, a chimeric TGFbeta receptor to redirect immunosuppressive signals in the tumor microenvironment, and a high-affinity, non-cleavable CD16a receptor to enable antibody-dependent cellular cytotoxicity. Preclinical data of FT825 / ONO-8250 presented at the 2023 Society for Immunotherapy of Cancer Annual Meeting demonstrated that the profile of the novel HER2-targeted antigen binding domain is unique and differentiated from that of trastuzumab, exhibiting similar potency with greater specificity for cancer cells expressing HER2. The Phase 1 study is designed to investigate a single dose of FT825 / ONO-8250 as monotherapy and in combination with monoclonal antibody therapy in previously-treated patients with advanced solid tumors. The dose escalation and dose expansion portions of the trial are expected to evaluate safety, tolerability, and pharmacokinetics as well as anti-tumor activity by overall response rate, duration of response and disease control rate. Under the terms of its Collaboration and Option Agreement with Ono, Fate will jointly develop and commercialize FT825 / ONO-8250 with Ono in the U.S. and Europe, and Ono maintains exclusive development and commercialization rights for FT825 / ONO-8250 in the rest of the world. Fate is eligible to receive clinical, regulatory and commercial milestone payments as well as tiered royalties on net sales outside of the United States and Europe by Ono. The parties are currently conducting preclinical development of an additional solid tumor program targeting an undisclosed tumor-associated antigen.
ACN

Hot Stocks

08:14 EST Accenture invests in QuantHealth to accelerate AI use in drug development - Accenture announced it has made a strategic investment, through Accenture Ventures, in QuantHealth, an AI-powered clinical trial design company that simulates clinical trials in the cloud, allowing pharmaceutical and biotech companies to more quickly and cost-effectively develop treatments for patients...With proprietary AI technology trained on a massive dataset of 350 million patients, large biomedical knowledge-graphs, and clinical trial data, QuantHealth's simulation platform can predict trial outcomes with significant accuracy. It can test thousands of protocol variations and discover the optimal trial design for success, helping research and development eams more accurately and rapidly predict clinical trial results and decide whether a trial should proceed, how to optimize cohorts, whether drugs can be repurposed, and other crucial factors. "QuantHealth's clinical trial simulation platform can fast-track clinical trials and help pharmaceutical and biotech companies bring life-saving treatments to patients" said Tom Lounibos, global lead of Accenture Ventures. "By accelerating and enhancing global drug discovery efforts, we'll aim to work alongside QuantHealth, our clients and ecosystem partners to expand medicine and treatment options and find new opportunities to bolster patient care."
NAMS

Hot Stocks

08:13 EST NewAmsterdam Pharma appoints William Lewis as chair of board - NewAmsterdam Pharma Company announced the appointment of William H. Lewis, J.D., M.B.A., as Chair of its Board of Directors. Mr. Lewis has served as CEO of Insmed Incorporated, a global commercial-stage biopharmaceutical company, since 2012, and as Chair of Insmed's Board of Directors since 2018. Mr. Lewis succeeds Sander Slootweg, Managing Partner at Forbion, who has served as Chairman of NewAmsterdam's Board of Directors since inception.
ENV

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08:13 EST Envestnet CEO Bill Cragar to transition from CEO role, James Fox interim CEO - Envestnet announced that Bill Crager has made the decision to transition from the role of CEO effective March 31. Beginning April 2024, Crager will continue with Envestnet as a Senior Advisor, focusing on client and partner relationships, leaning in on key strategic initiatives, and continuing to be a visionary voice for the financial services industry. Envestnet's focus on client excellence and service is unwavering. Tom Sipp, Executive Vice President, will continue to lead Envestnet's business lines partnering closely with Crager and Board Chair James Fox, who will serve as interim CEO as of April 1, until a successor is in place. The Board of Directors will initiate a search for a successor, considering internal and external candidates, with assistance from an independent executive search firm.
SYK

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08:12 EST Stryker announces 2023 sales surpassed $20B - Stryker announced that it surpassed $20 billion in annual sales for the first time in its history during the month of December, 2023. "We are excited to surpass this major milestone and to share with our employees as we have our kick-off meetings for 2024," said Kevin Lobo, Chair and Chief Executive Officer. "This means that we are positively impacting more customers and patients than ever." Stryker will disclose additional information regarding its 2023 financial results during its Q4 and Full Year Earnings Call, scheduled for January 30, 2024.
SSKN

Hot Stocks

08:12 EST Strata Skin Sciences to present on safety, efficacy of TheraClearX - STRATA Skin Sciences announced that the Company will be presenting a poster titled "Pulsed Broadband Light with Vacuum Suction and Needle Insert to Treat Acne" at the Maui Derm 2024 Meeting to be held at the Grand Wailea in Maui, Hawaii from January 22-26, 2024. The poster highlights the safety and efficacy of one treatment session using STRATA's TheraClear X technology for cystic and papular acne reduction. TheraClear X uses Photopneumatic technology that delivers intense pulsed light utilizing vacuum technology with an additional needle insert; the vacuum pulls the tissue into the needle, penetrating the acne lesion and thereby creating a pathway for sebum extraction. Majority of lesions demonstrated greater than or equal to50% clearing by 1-2 weeks, exceeding the criteria of greater than or equal to30% reduction in lesion size at two follow-up visits. An average reduction in lesion size was rated 2.0 at 24-72 hours post-treatment and 3.5 at 1-2 weeks. At 1-2 weeks, the most frequently reported event was mild hyperpigmentation; erythema, edema, and flaking were observed in less than or equal to10% of lesions.
EDAP

Hot Stocks

08:11 EST EDAP TMS announces preliminary Q4 Focal One system sales, placements - EDAP TMS announced preliminary Focal One placement results for the fourth quarter of calendar year 2023. The Company experienced robust demand for its Focal One robotic HIFU technology, placing twelve Focal One systems, inclusive of ten capital sales. Additionally, it was a record quarter for sales of ExactVu Micro-Ultrasound systems used for prostate biopsy. The breadth of these new Focal One and ExactVu placements continues to be strong, with growing interest amongst both academic medical centers and community hospitals. "Our Focal One commercial team continues to gain significant momentum as reflected by our record-setting number of capital sales as well as overall system placements in the fourth quarter of 2023," said Ryan Rhodes, Chief Executive Officer of EDAP. "Utilizing our state-of-the-art robotic technology platform, a growing number of urologists can now offer their patients a non-invasive, tissue-sparing treatment option that provides excellent oncologic outcomes with the opportunity for preserving patient quality of life. Looking ahead, we believe Focal One is quickly becoming a necessary solution in the management of prostate cancer, and our team is leading the effort to help urology practices establish world-class treatment programs with our Focal One platform."
MRETF

Hot Stocks

08:10 EST Martinrea appoints Fred Di Tosto as president - Martinrea International announced that Fred Di Tosto has been appointed President of the Company. Mr. Di Tosto has been Martinrea's Chief Financial Officer since 2011 and has previously held the role of EVP of its Flexible Manufacturing Group. He will assume more executive leadership of Martinrea's operating groups, reporting to CEO Pat D'Eramo, who continues as CEO and as a member of the Company's board of directors. In his new position, Mr. Di Tosto will retain his current responsibilities as CFO.
ABBV

Hot Stocks

08:10 EST AbbVie reports 'positive' results from Phase 2 trial of lutikizumab - AbbVie announced Phase 2 results showing adults with moderate to severe hidradenitis suppurativa who had previously failed anti-TNF therapy who received lutikizumab 300 mg every other week or 300 mg weekly achieved higher response rates than placebo in the primary endpoint of achieving HS Clinical Response at week 16. Based on these data, AbbVie will advance its clinical program of lutikizumab in HS to Phase 3. Lutikizumab is AbbVie's investigational, dual-variable-domain interleukin 1alpha/1beta antagonist. Studies have shown IL 1alpha and 1beta are elevated in HS lesions.
NXST

Hot Stocks

08:09 EST Nexstar enters multi-year time brokerage agreement with KAZT-TV in Phoenix - Nexstar announced that it has entered into a multi-year time brokerage agreement with KAZT-TV in Phoenix, Arizona, the nation's eleventh largest television market. On February 1, KAZT-TV will become an affiliate of The CW Network, home to LIV Golf, ACC college football and basketball, WWE NXT beginning this fall and NASCAR Xfinity Series Racing in 2025. Financial terms of the agreement were not disclosed. Under terms of the agreement, Nexstar will provide KAZT-TV with programming and other services to strengthen the station's relationship with the local community, including management of its sales, promotion, marketing, and technical operations. As a result of the agreement, Nexstar will own or provide services to local television stations in ten of the 15 largest TV markets in the U.S., and 18 of the top 25.
CDAY

Hot Stocks

08:09 EST Ceridian says retailers choose Dayforce to optimize workforce planning - Ceridian announced its upcoming retail product innovations, which highlight the company's growing momentum in the sector. As the only solution that offers workforce management and global payroll capabilities on a single platform, Dayforce - Ceridian's industry-leading cloud software - helps retailers and the hospitality industry empower and retain frontline workers, increase operational agility when making staffing decisions, and enhance the employee experience. Ceridian helps more than 1,280 retailers around the world optimize their workforce and improve employee engagement, attraction, and retention, including American Dream, Buehler's Fresh Foods, Costa Coffee, Sobeys, and SPARC Group LLC, which owns and operates leading retail brands including but not limited to Aeropostale, Brooks Brothers, Forever 21, and Reebok.
HZO

Hot Stocks

08:08 EST MarineMax to acquire Williams Tenders, sees accretion - MarineMax announced that it has entered into a definitive agreement to acquire Williams Tenders USA. The acquisition is expected to close by March 31, 2024, and be accretive in its first full year of operations. Headquartered in Pompano Beach, Florida, Williams Tenders USA is a premier distributor and retailer for UK-based Williams Jet Tenders, the world's leading manufacturer of rigid inflatable jet tenders for the luxury yacht market. The company offers the unparalleled range of tenders through its own showroom location and via its network of 20 dealers in the United States and the Caribbean.
KTTA

Hot Stocks

08:08 EST Pasithea Therapeutics announces invention of crystalline form of PAS-004 - Pasithea Therapeutics announced the invention of a crystalline form of PAS-004 which is captured in polymorph and stereoisomer patent filings that when issued we believe will extend patent protection to at least 2045.
BIRDF

Hot Stocks

08:07 EST Bird Construction JV awarded Alliance Development Agreement - Bird Construction announced that its 50/50 joint venture with AtkinsRealis, has entered into an Alliance Development Agreement to work collaboratively with Metrolinx to deliver the East Harbour Transit Hub. Bird is partnered with AtkinsRealis under the Rail Connect Partners joint venture. The East Harbour Transit Hub, part of Toronto's SmartTrack Stations Program, is one of the first major projects in Canada to be procured using an 'alliance' model. The alliance model has been used internationally to plan and deliver large, complex infrastructure programs, driving innovation and collaboration between parties. The alliance model is better equipped to manage risk with greater transparency and cooperative decision-making. The Alliance Development Agreement marks a collaborative phase where the focus is on optimizing the design solution, developing detailed resource, cost, and schedule estimates, preparing a Project Proposal, finalizing the Project Alliance Agreement, and performing Early Works.
OBIO MDT

Hot Stocks

08:06 EST Orchestra BioMed announces initiation of BACKBEAT study of AVIM therapy - Orchestra BioMed Holdings (OBIO) announced the first patient was randomized in the BACKBEAT pivotal study in late December 2023. The BACKBEAT pivotal study will evaluate the efficacy and safety of atrioventricular interval modulation therapy, for the treatment of pacemaker-indicated patients with uncontrolled hypertension despite the use of antihypertensive medications. AVIM therapy is an investigational patented bioelectronic therapy, administered using a standard dual-chamber pacemaker, designed to immediately, substantially and persistently reduce blood pressure. Orchestra BioMed and Medtronic (MDT) formed a strategic collaboration for the development and commercialization of AVIM therapy for hypertensive pacemaker patients in July 2022. "We are thrilled to announce the initiation of the BACKBEAT pivotal study. This is an essential milestone as we evaluate how this therapy may benefit pacemaker patients who confront the mortality and morbidity risks of elevated blood pressure," commented David Hochman, chairman, chief executive officer and founder of Orchestra BioMed. "We have activated multiple clinical sites and are screening patients in the U.S. and Europe. We are grateful to the clinical sites, our team and Medtronic for their dedication to finalizing all the study initiation deliverables. Most importantly, we are thankful to the patients who will participate in this landmark study."
BIGC

Hot Stocks

08:06 EST BigCommerce, Marketplacer enter strategic partnership - BigCommerce and Marketplacer announced a strategic partnership. BigCommerce customers will now be able to transform their online stores into powerful marketplaces where they can sell more diversified products and provide seamless shopping experiences that drive conversions and accelerate growth.
ABEO

Hot Stocks

08:05 EST Abeona Therapeutics announces $50M credit facility - Abeona Therapeutics entered into a $50 million credit facility with the Avenue Venture Opportunities Fund, L.P. The credit agreement, which has a term of three and a half years, includes a first tranche of $20 million at closing, a second tranche of $10 million of committed capital, and an additional accordion option to upsize the credit facility by an additional $20 million upon satisfaction of certain terms and conditions. Proceeds from the facility are intended to support the Company's ongoing preparations for launch and commercialization in anticipation of a potential approval for marketing in the U.S. by the Food and Drug Administration of pz-cel , Abeona's investigational autologous, COL7A1 gene-corrected epidermal sheets for the treatment of patients with recessive dystrophic epidermolysis bullosa and for general corporate purposes. The FDA has accepted and granted Priority Review with a PDUFA target action date of May 25, 2024 for the Biologics License Application for pz-cel. A.G.P./Alliance Global Partners served as financial advisor and sole lead arranger to the Company on this transaction.
VHIBF

Hot Stocks

08:04 EST Vitalhub benefitting from recent UK government initiatives - VitalHub announces the United Kingdom, UK, government's investment in System Coordination Centre, SCC, medical technology, aimed at alleviating the capacity strain on the NHSE, National Health Service England. VitalHub's SHREWD technology platform provides an operational situation dashboard, which is being incorporated into Integrated Care Systems. This system will generate proactive alerts, enhancing the quality and longevity of health and care services for local communities. "We are extremely pleased to be directly benefiting from the contribution of the UK government's ongoing commitment to provide best in class healthcare. This program will support key NHS priorities to address the requirements of ICS to have Smart System Control implemented as a SCC," commented Dan Matlow, CEO of VitalHub. "We are delighted to support this region through our world class SHREWD suite of offerings. SHREWD operational situation dashboards allow users to easily identify where local urgent care system pressures are developing, and to act through proactive alerts, inbuilt teleconferencing and paperless audit systems. We view this investment as furtherance to the growing opportunities we enjoy in markets for our products and our market-leading position."
FTRE

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08:03 EST Fortrea Holdings previews J.P. Morgan Healthcare conference updates - Fortrea previewed key updates that Tom Pike, chairman and chief executive officer, and Jill McConnell, chief financial officer, plan to present at the 42nd Annual J.P. Morgan Healthcare Conference. Fortrea continues to make strong progress in establishing its fit-for-purpose infrastructure, exiting approximately 40 percent of its Transition Services Agreements with its former parent company by the end of 2023. In addition, the Company has selected two leading technology providers to support the exit of its technology-related TSAs. Fortrea recently hired a recognized industry expert and leader in artificial intelligence to lead Fortrea's efforts in AI and machine learning. Fortrea also made progress in winning new business, delivering a book-to-bill ratio that exceeded 1.2x for the fourth quarter of 2023 and achieving its intended target of more than 1.2x for its first six months as an independent organization.
MMM

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08:03 EST 3M to freeze U.S. pension plans for non-union U.S. employees - 3M announced that it will freeze its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. Pension-eligible employees will continue to accrue benefits under the pension plans until the freeze date. This decision applies to both 3M and the future, independent health care company's U.S. pension plans. Former employees with vested pension benefits, 3M or 3M Health Care retirees, and those currently receiving pension annuity payments are not impacted by this action.
EMOTF

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08:02 EST Emerita Resources provides summary of 2023, 2024 milestones - Emerita Resources provides the following summary of the Company's progress in 2023 and lay out priorities for 2024. 2023 was a watershed year in the advancement of Emerita's wholly-owned Iberia Belt West Project and momentum is expected to continue into 2024. David Gower, P.Geo., CEO of Emerita remarks, "In 2023 our team delivered on several major milestones for the Company and for IBW. Our team made excellent progress at IBW as we advance towards a potential production decision. In May, the Company released the maiden independent NI 43-101 compliant mineral resource estimate. In September, the Company announced it had filed an application for an exploitation licence for IBW to the Delegacion Territorial de Energia y Minas in Huelva province, Junta de Andalucia. In December, the Company completed the submission of the required application documentation for the exploitation license. Looking forward, 2024 will see the Company continue efforts to expand the IBW resource and the first drill campaign at Nuevo Tintillo will be completed. In parallel with ongoing exploration efforts, the Company will continue de-risking IBW with metallurgical testing and engineering and economic studies targeted for completion in H1 2024. The Company is in a solid financial position to continue this work. In February, Ian Parkinson joined the Company as EVP of Corporate Development and Capital Markets. Ian brings technical as well as Capital Markets expertise after 15 years as a senior metals analyst as well as working in geological and commercial functions with Falconbridge. Ian has been a great addition to the team."
XLO

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08:01 EST Xilio Therapeutics sees advances across clinical pipeline, announces XTX30 data - The company states: "Xilio Therapeutics highlighted recent advances across its clinical pipeline and reported encouraging preliminary safety data from the first three dose levels in the ongoing Phase 1 trial evaluating XTX301, a tumor-activated IL-12, in patients with advanced solid tumors. Xilio today announced recent advances across its three clinical-stage programs: Xilio recently initiated patient dosing in the Phase 1 dose escalation portion of the Phase 1/2 trial evaluating XTX101 in combination with atezolizumab in patients with advanced solid tumors. Subject to obtaining sufficient additional capital, Xilio today reaffirmed plans to: Select a recommended Phase 2 dose for XTX101 in combination with atezolizumab in the second quarter of 2024; Subject to the results of the Phase 1 combination dose escalation portion of the trial, initiate the Phase 2 portion of the trial for XTX101 in combination with atezolizumab in patients with microsatellite stable colorectal cancer (MSS CRC) in the third quarter of 2024. Report initial Phase 2 data for XTX101 in combination with atezolizumab in approximately 20 patients with MSS CRC in the fourth quarter of 2024 and in approximately 20 additional patients (40 patients total) in the first quarter of 2025. Xilio continues to enroll patients at the 4.0 mg/kg dose in its ongoing Phase 2 monotherapy trial for XTX202 in patients with metastatic renal cell carcinoma or unresectable or metastatic melanoma. Based on recently accelerated enrollment, Xilio now plans to report Phase 2 monotherapy data for XTX202 in approximately 20 patients treated at the 4.0 mg/kg dose by the end of the first quarter of 2024. XTX301 (tumor-activated IL-12): Xilio today announced encouraging preliminary safety data from its ongoing Phase 1 trial evaluating XTX301 as a monotherapy in dose escalation in patients with advanced solid tumors. As of a data cutoff date of January 5, 2024, nine patients had been treated with XTX301 in the outpatient setting in Phase 1 dose escalation at three dose levels ranging from 5 ug/kg to 45 ug/kg administered once every three weeks. XTX301 was generally well-tolerated across all dose levels with no dose-limiting toxicities observed in patients as of the data cutoff date. Subject to obtaining sufficient additional capital, Xilio today reaffirmed plans to report Phase 1 safety, pharmacokinetic and pharmacodynamic data for XTX301 in patients with advanced solid tumors in the second half of 2024. Xilio continues to anticipate that its existing cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements into the end of the second quarter of 2024."
FWRG

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08:00 EST First Watch Restaurant to acquire 21 franchise restaurants in North Carolina - First Watch Restaurant Group announced it has agreed to acquire 21 of its franchise-owned restaurants and corresponding development rights in North Carolina for an aggregate purchase price of $75 million on a cash-free, debt-free basis, subject to certain customary adjustments. "Our acquisition of franchise-operated restaurants is an important part of our long-term growth and value creation strategy, and this represents our most significant transaction to date," said Chris Tomasso, First Watch CEO & President. "We expect these 21 restaurants in one of our key markets will generate average unit volumes and restaurant level operating profit margins in line with our Company-owned restaurants and provide us with additional territories in which to grow organically for years to come. We look forward to welcoming the teams from these restaurants, who have served their communities in North Carolina for nearly 10 years, to our You First culture."
NVO

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07:59 EST Novo Nordisk reports COMBINE 3 phase 3a trial achieved primary endpoint - Novo Nordisk announced topline results from the COMBINE 3 phase 3a trial of once-weekly IcoSema, a fixed-ratio combination of basal insulin icodec and semaglutide. COMBINE 3 was a 52-week, open-label treat-to-target trial comparing the efficacy and safety of once-weekly IcoSema vs once-daily insulin glargine U100 and insulin aspart, dosed with or without oral glucose-lowering medications, in 679 people with type 2 diabetes inadequately controlled on daily basal insulin. The trial achieved its primary endpoint of demonstrating non-inferiority in reducing HbA1c at week 52 with once-weekly IcoSema compared with insulin glargine U100 and insulin aspart. From an overall baseline HbA1c of 8.30%, once-weekly IcoSema achieved an estimated reduction in HbA1c of -1.47 percentage points compared with -1.40 percentage points for insulin glargine U100 and insulin aspart. Further, from a baseline body weight of 85.8 kg, people treated with IcoSema achieved a superior reduction in estimated change of body weight a weight loss of -3.6 kg with IcoSema and a weight gain of 3.2 kg with insulin glargine U100 and insulin aspart. In the trial, IcoSema was superior to insulin glargine U100 and insulin aspart in estimated rates of severe or clinically significant hypoglycaemia, with 0.26 events per patient-year of exposure for once-weekly IcoSema and 2.18 events per patient-year of exposure for insulin glargine U100 and insulin aspart. In the trial, once-weekly IcoSema appeared to have a safe and well-tolerated profile. The most common adverse events for people treated with IcoSema were gastrointestinal consistent with GLP-1 receptor agonist class and the vast majority were mild to moderate. COMBINE 3 is the first trial to readout in the phase 3a COMBINE programme, and results from COMBINE 1 and COMBINE 2 will be shared later this year. "We are very pleased to share the first phase 3a results for once-weekly IcoSema", said Martin Holst Lange, executive vice president for Development at Novo Nordisk. "The results demonstrate the potential of IcoSema to simplify insulin intensification by reducing the injection burden to a single injection per week compared to around 28 injections per week for people with type 2 diabetes inadequately controlled on basal insulin while providing glycaemic control as well as weight benefits and lower rates of hypoglycaemia."
MREO RARE

Hot Stocks

07:59 EST Mereo BioPharma provides update on pipeline progress, corporate developments - Mereo BioPharma Group (MREO) provided an update on its pipeline programs as well as an update on recent corporate developments. Recent Pipeline Progress: Setrusumab: Enrollment in the Phase 3 portion of the Global Phase 2/3 Orbit study led by Mereo's partner, Ultragenyx Pharmaceutical, was initiated in mid-2023 and the study is expected to be fully enrolled around the end of the first quarter of 2024. Recent data reported in October 2023, from the 24 patients enrolled in the Phase 2 portion of the Orbit study with at least 6 months of treatment, showed that treatment with setrusumab reduced the annualized fracture rate by 67%. If approved by the U.S. Food and Drug Administration and the European Medicines Agency, setrusumab would be the first FDA and EMA-approved treatment for Osteogenesis Imperfecta. Alvelestat: The Company has continued its interactions with the Division of Pulmonology, Allergy and Critical Care and the Division of Clinical Outcome Assessment of the FDA regarding the use of a Patient Reported Outcome instrument as a potential primary endpoint in its planned Phase 3 study of alvelestat for the treatment of Alpha-1 Antitrypsin Deficiency-associated Lung Disease. Data from both the ATALANTa and ASTRAEUS studies support the use of the SGRQ Total Score as the primary endpoint in the proposed Phase 3 study based on benefits observed in patients with the severe Pi*ZZ phenotype, including those who are in the early stages of the lung disease. In some countries, these patients are currently not eligible for, or not treated with, augmentation therapy. Following additional FDA interactions in the fourth quarter of 2023, subsequent to the DCOA meeting, the Company has aligned on a Phase 3 study design using SGRQ Total Score as the primary endpoint with a functional assessment as a key secondary endpoint which, if the study is successful, is expected to support submissions for full regulatory approval in the U.S. Inclusion of patients with earlier and later stage lung disease progression in the planned registrational study could increase the addressable patient population for alvelestat. The Company remains engaged with multiple potential partners for the development and potential commercialization of alvelestat and expects to provide further details on these efforts in 2024. Leflutrozole: The Company recently entered into an exclusive global license agreement with ReproNovo SA for the development and commercialization of leflutrozole, a non-steroidal aromatase inhibitor. Under the terms of the License Agreement, ReproNovo, a reproductive medicine company, is responsible for all future development and commercialization of leflutrozole.
RMTI

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07:59 EST Rockwell Medical amends loan, security agreement with Innovatus - Rockwell Medical (RMTI) announced that the company amended its loan and security agreement with Innovatus Life Sciences. Rockwell Medical and its wholly owned subsidiary, Rockwell Transportation initially entered into a loan and security agreement with Innovatus on March 16, 2020 under which Innovatus agreed to make certain term loans to the company, of which the company drew down approximately $21M. At December 31, 2023, the company's outstanding balance under those term loans was $8M. Under the terms of the third amended and restated loan and security agreement, Rockwell Medical reduced the interest rate on, and extended the loan maturity date for, the term loans from March 2025 to January 2029. The company will make interest-only payments for thirty months, or up to thirty-six months if certain conditions are met. In connection with the execution of the amendment, the company issued to Innovatus a warrant to purchase 191,096 shares of the company's common stock with an exercise price of $1.83 per share. The warrant is immediately exercisable through January 2, 2029.
GLUE

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07:59 EST Monte Rosa Therapeutics provides updates, milestones for 2024 - The company states: "Monte Rosa Therapeutics outlined anticipated 2024 milestones ahead of its participation in the 42nd Annual J.P. Morgan Healthcare Conference. The company's presentation, taking place on Wednesday, January 10, 2024, at 3:00 p.m. PT, will focus on strategic priorities for 2024, including anticipated progress with the ongoing Phase 1/2 clinical trial of MRT-2359 in MYC-driven solid tumors as well as future development plans for MRT-2359 and MRT-6160, its VAV1-directed MGD for autoimmune diseases." The company's 2024 Corporate Updates and Key Anticipated Milestones include: "Monte Rosa announced today that it has received U.S. Food & Drug Administration Fast Track Designation for MRT-2359 for the treatment of patients with previously treated, metastatic small cell lung cancer (SCLC) with L-MYC or N-MYC expression; Monte Rosa expects to announce the RP2D for the MRT-2359 Phase 1/2 clinical trial in MYC-driven solid tumors in Q2 2024. Enrollment is ongoing in backfill cohorts at clinically active doses using a 5 days on drug, 9 days off drug schedule. The Company has simultaneously started dose escalation of higher dose density cohorts using a 21 days on, 7 days off schedule; The Company expects to submit an IND for MRT-6160, a VAV1-targeted MGD, in the first half of 2024 and to initiate a Phase 1 single ascending dose / multiple ascending dose study in healthy volunteers in mid-2024; The Company expects to nominate a development candidate for the NEK7 preclinical program in Q1 2024; The Company expects to nominate a development candidate for the CDK2 preclinical program in 2024."
ATHA

Hot Stocks

07:58 EST Athira Pharma provides 2024 clinical pipeline outlook - Athira's drug development pipeline consists of potential first-in-class and next-generation small molecule therapeutic candidates designed to promote the neurotrophic HGF system, which activates neuroprotective, neurotrophic and anti-inflammatory pathways in the central nervous system. Athira's therapeutic candidates have distinct properties, which the Company believes may be applicable to a broad range of neurodegenerative diseases. Fosgonimeton - A potentially first-in-class, once daily, subcutaneously administered drug candidate initially targeted for the potential treatment of Alzheimer's disease. LIFT-AD Phase 2/3 clinical trial of fosgonimeton in mild-to-moderate Alzheimer's disease: The LIFT-AD study is investigating the effects of fosgonimeton 40 mg compared with placebo in mild-to-moderate AD patients who are not receiving background therapy. In October 2022, following an unblinded interim efficacy and futility analysis, an independent data monitoring committee recommended continuation of the LIFT-AD study in patients with mild-to-moderate AD who are not receiving background therapy. The committee also determined that the study would be well powered to achieve the primary endpoint with approximately 300 patients given the preliminary effect size observed in the unblinded interim analysis of approximately 100 patients treated. In May 2023, Athira selected the 40 mg dose for further development and potential regulatory approval. In January 2024, Athira announced completion of enrollment in the LIFT-AD study, ultimately randomizing approximately 315 patients in the primary analysis population. The Company expects to report topline data in the second half of 2024. Open Label Extension fosgonimeton trial: Eligible participants who complete the LIFT-AD or ACT-AD trials and elect to participate in the ongoing OLEX are able to receive up to 30 months of open-label treatment. Greater than 85% of participants who completed either study have elected to enroll in OLEX to date. Currently more than 60 patients are continuing fosgonimeton treatment beyond 18 months, which is unexpected in a progressive mild-to-moderate Alzheimer's disease population. Athira believes OLEX will complement its long-term safety database and provide insights into fosgonimeton's long-term effects for up to three years of investigational treatment. SHAPE Phase 2 clinical trial of fosgonimeton in mild-to-moderate Parkinson's disease dementia and Dementia with Lewy bodies: In December 2023, Athira announced encouraging results from the exploratory SHAPE Phase 2 clinical trial of fosgonimeton for the potential treatment of Parkinson's disease dementia and Dementia with Lewy bodies. Treatment with fosgonimeton 40 mg compared to placebo showed positive effects in cognitive measures including ADAS-Cog13, MMSE, and COWAT over the 6-month double-blind treatment period. The primary endpoint, a composite score of the change in Event-Related-Potential P300 latency and cognitive assessment, was not met compared with placebo. Fosgonimeton was generally well tolerated, with a favorable safety profile. There were no treatment-related serious adverse events observed in the study. The most common adverse event in the treatment groups was injection site reactions. ATH-1105 - A next-generation, orally administered drug candidate developed for the potential treatment of amyotrophic lateral sclerosis as the Company's initial indication. ATH-1105's potential as a treatment for ALS is supported by a growing body of preclinical evidence demonstrating statistically significant improvements on nerve and motor function, biomarkers of inflammation and neurodegeneration, and survival in various ALS animal models. These data were presented throughout 2023 at a variety of key scientific and medical meetings including the American Association of Neurology, the Alzheimer's Association International Congress, the Northeast Amyotrophic Lateral Sclerosis Consortium and the Motor Neurone Disease Association. The initiation of first-in-human studies of ATH-1105 is targeted for the first half of 2024 to evaluate this promising drug candidate as a treatment for ALS.
ABUS...

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07:56 EST Arbutus Biopharma lays out 2024 objectives, sees cash runway into Q1 of 2026 - Arbutus Biopharma (ABUS) announced its 2024 business outlook including its clinical development milestones to advance its HBV pipeline and a financial update. "As we enter 2024, our strong balance sheet and anticipated clinical trial readouts position us well towards achieving our mission of developing a functional cure for patients with cHBV. Our Phase 2a program for imdusiran, our RNAi therapeutic, consisting of three separate trials, reinforces the potential role of imdusiran as a cornerstone in a treatment regimen to functionally cure patients with cHBV. Additionally, AB-101, our oral PD-L1 inhibitor, continues to progress and we look forward to preliminary data from the ongoing Phase 1a/1b clinical trial. We remain committed to continuing discovery research in HBV and we are confident that we have the talent and resources to execute our mission," said Michael J. McElhaugh, Interim President and Chief Executive Officer of Arbutus Biopharma. "Arbutus will continue to protect and defend its intellectual property, which is the subject of the on-going lawsuits against Moderna and Pfizer/BioNTech. The Company is seeking fair compensation for Moderna's and Pfizer/BioNTech's use of its patented LNP technology that was developed with great effort and at a great expense, without which Moderna and Pfizer/BioNTech's COVID-19 vaccines would not have been successful. With respect to the Moderna lawsuit, fact discovery is currently on-going with the claim construction hearing scheduled for February 8, 2024. According to the Court Scheduling Order, which was issued on March 21, 2023, the court is expected to issue its claim construction order within 60 days of conclusion of the claim construction hearing. Expert testimony and depositions will then follow. A trial date has not been set, but the trial is expected to commence in the first half of 2025. The lawsuit against Pfizer/BioNTech is ongoing and a date for a claim construction hearing has not been set," the company said. "The Company expects to significantly reduce its net cash burn in 2024 when compared to 2023. The Company expects net cash burn in 2024 to range from $63M-$67M versus a 2023 net cash burn of approximately $85M. The Company believes its cash, cash equivalents and investments in marketable securities of approximately $132M as of December 31, 2023, are sufficient to fund its operations into the first quarter of 2026. The preliminary cash, cash equivalents and investments as of December 31, 2023 and its preliminary 2023 net cash burn were calculated prior to the completion of an audit by Arbutus' independent registered public accounting firm and are therefore subject to adjustment," the company added.
VVOS

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07:56 EST Vivos Therapeutics seeing positive preliminary metrics following FDA clearance - The company states: "Vivos Therapeutics is pleased to announce that Vivos is seeing positive preliminary metrics following its November 28, 2023 announcement regarding FDA 510(k) clearance of its CARE oral medical devices to treat severe OSA. Vivos reported that during the fourth quarter of 2023, new dentist inquiries to participate in the Vivos Integrated Practice (VIP) program rose 600% over the previous month and the VIP sales pipeline doubled. Signed VIP enrollment contracts increased by 38% sequentially compared to the third quarter of 2023. In addition, average weekly CARE appliance orders increased 26% in the three weeks following the FDA clearance compared to the previous 12-week average for weekly sales for these same devices." CEO Kirk Huntsman says: ""Since announcing our new FDA clearance for severe OSA, we've seen a substantial increase in calls and inquiries from medical doctors, dentists, and patients regarding Vivos' products. We believe this significant uptick in business development and revenue generating activity since achieving this important milestone highlights our overall value proposition across both the dental and medical communities as a highly effective treatment alternative for OSA patients. With this strong momentum coming into 2024, we expect these higher inquiries and expanded sales pipeline could create opportunities for revenue growth in 2024. Not only are we experiencing considerable growth and interest related to our Vivos CARE products that treat OSA in adults, during the past few weeks we have also seen a 53% increase in sales of our pediatric guided growth and development appliances, which we call Vivos Guides. We expect this trend to continue in the near-term, especially considering the recent success of one of our key strategic dental service organization (DSO) distribution partners, Toothpillow."
IONS

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07:56 EST Ionis Pharmaceuticals announces 2024 expected milestones - Ionis Pharmaceuticals announced highlights from the Company's 2023 achievements and previewed a number of important milestones expected in 2024. In 2023, Ionis made significant progress in advancing a steady cadence of medicines for people with serious diseases, including the U.S. approval of WAINUA for the treatment of polyneuropathy of hereditary transthyretin-mediated amyloidosis and the accelerated approval of QALSODY for SOD-1 amyotrophic lateral sclerosis. 2024 Anticipated Highlights Include: Continued progress with WAINUA, Ionis' first co-commercialized medicine in collaboration with AstraZeneca in the U.S.: U.S. launch for ATTRv-PN in January; European Medicines Agency approval decision; additional country approvals; Additional regulatory filings for ATTRv-PN; Continuing the fully enrolled, landmark CARDIO-TTRansform trial in ATTR-cardiomyopathy, with data expected as early as 2025. Advancing olezarsen, our first anticipated independent launch: Detailed Phase 3 FCS results presentation; U.S. Food and Drug Administration regulatory filing in FCS, potential approval decision and U.S. launch; EMA filing for FCS; Completion of enrollment in severe hypertriglyceridemia Phase 3 studies, with data expected in 2025. Pivotal results and potential regulatory filing for investigational donidalorsen, our second anticipated independent launch: Phase 3 OASIS-HAE in first quarter and OASIS-Plus switch results by mid-year; Potential U.S. regulatory filing in hereditary angioedema. Advancing additional independent investigational medicines: Ionis expects to have six independent neurology programs in clinical development by year-end 2024, including new programs in rare pediatric diseases and severe dementias, which currently have no approved therapies; Phase 2 results for ION224 in nonalcoholic steatohepatitis anticipated. Continued progress with key partnered programs, including: QALSODY: EU SOD1-ALS CHMP and approval decision; ION582: Phase 1/2 clinical results in Angelman syndrome; ION541: Phase 2 results in ALS; IONIS-FB-LRx: Phase 2 results in IGA nephropathy and geographic atrophy, a serious eye disease.
DOOR PGTI

Hot Stocks

07:55 EST Masonite sees PGT Innovations deal adding 'meaningful' accretion to EPS - Masonite International (DOOR) issued the following statement. "Masonite remains fully committed to the transaction with PGT Innovations (PGTI) on its current terms and is confident that the definitive merger agreement - a result of thorough due diligence and careful negotiation by both the Masonite and PGTI Boards - reflects a full and fair value for PGTI and its shareholders. In addition to compelling value, Masonite's agreement also provides a high degree of transaction certainty; Hart-Scott Rodino filings have already been made and Masonite and PGTI continue to pursue a swift path to closing. The transaction will create a leading door and window solutions company with substantial depth and breadth and a strengthened growth and financial profile with a compelling $33.50 in cash for PGTI shareholders plus the unique ability to participate in the powerful upside growth potential of the business with approximately 16% ownership of the combined company through the receipt of Masonite stock; Approximately 200 bps increase in future revenue growth rate and an expanded total addressable market..See Approximately $100M in carefully considered and thoughtfully detailed annual cost and revenue synergies phased in over two and four years, respectively, following the close of the transaction; Meaningful accretion to Masonite's earnings per share in the first full year post-close; and Creation of a scaled business delivering strong cash generation to support our commitment to de-lever below 3x in the two years following close.
ATHA

Hot Stocks

07:55 EST Athira Pharma CMO Hans Moebius retires - Hans Moebius, MD, PhD, is retiring as Chief Medical Officer effective January 5, 2024, and will continue as Athira's Senior Scientific Advisor. The Company has initiated a search to fill the Chief Medical Officer position.
ENVX

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07:54 EST Enovix, Group14 to partner on silicon battery production - The company states: "Enovix and Group14 Technologies, a leading manufacturer and supplier of active silicon battery material, today announced their collaboration to develop a silicon battery using Group14's silicon-carbon composite SCC55(R) for 100% of the anode material within Enovix's battery architecture. Enovix and Group14 will additionally explore new ways to advance the performance and efficiency of lithium-ion silicon batteries, in line with their commitments to innovation, renewable energy and customer satisfaction. Enovix is currently focused on manufacturing and commercializing its batteries for a variety of consumer electronics, including smartphones and IoT devices. The demand for more energy density, capacity, and fast charge continues to accelerate as devices become more personal and power intensive."
BITF

Hot Stocks

07:54 EST Bitfarms appoints Krumme as SVP, Head of Investor Relations - Bitfarms announced that it has appointed Tracy Krumme as Senior Vice President, SVP, Head of Investor Relations. Krumme has more than 30 years of leadership experience in investor relations, financial communications, investment banking, and equity research. She most recently led the pre-IPO process at Galderma SA.
AVXL

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07:53 EST Anavex announces grant of U.S. patent covering blarcamesine - Anavex Life Sciences announced it was granted new U.S. Patent No. 11,839,600 entitled "NEURODEVELOPMENTAL DISORDER THERAPY" from the United States Patent and Trademark Office, or USPTO, for its patent application number 17/890,083. Anavex's newest patent expands coverage of ANAVEX 2-73, or blarcamesine, therapy to ameliorate various conditions associated with loss-of-function mutations of the gene encoding methyl-CpG binding protein, or MeCP2, the company stated.
XOMA

Hot Stocks

07:53 EST Xoma appoints Owen Hughes as CEO, Jack Wyszomierski as chairman - XOMA Corporation announced the Board of Directors has named Owen Hughes as CCEO and Jack L. Wyszomierski as Chairman of the Board. Mr. Hughes has served as XOMA's Executive Chairman and Interim CEO since January 1, 2023.
TLSA

Hot Stocks

07:53 EST Tiziana Life Sciences announces updated clinical, PET scan findings - Tiziana Life Sciences announced positive findings have been seen in a total of six out of eight Intermediate Size Patient Population Expanded Access, EA, patients. These patients have shown improvements in fatigue scores measured by the Modified Fatigue Impact Scale, MFIS. PET scan findings showing a reduction in microglial activation was also seen in the six patients with MFIS score improvement at the three-month evaluation period. PET scan findings for two additional EA patients are planned to be available in late January. Gabriele Cerrone, Chairman, acting CEO and founder of Tiziana Life Sciences noted "We've seen continued clinical and qualitative PET scan improvement over time in patients with na-SPMS where intranasal foralumab targets inflammation in the brain. It is my expectation that we will rapidly progress our ongoing Phase 2 trial of intranasal foralumab, given the encouraging results seen so far under the EA IND."
CRSP

Hot Stocks

07:51 EST Crispr Therapeutics announces 2024 outlook - CASGEVY: Received regulatory approvals for CASGEVY in the fourth quarter of 2023 in the U.S. for sickle cell disease and in Great Britain and Bahrain for the treatment of SCD and transfusion-dependent beta thalassemia; also received a positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use for CASGEVY for both SCD and TDT from the European Medicines Agency. Exa-cel is the first therapy to emerge from a strategic partnership between CRISPR Therapeutics and Vertex Pharmaceuticals. Vertex leads global development, manufacturing, regulatory and commercialization of CASGEVY with support from CRISPR Therapeutics. The FDA has assigned a Prescription Drug User Fee Act action date of March 30, 2024, for CASGEVY in TDT. Additional regulatory submissions for CASGEVY are currently under review in Switzerland and the Kingdom of Saudi Arabia, with the submission in Canada planned for the first half of 2024. Completed enrollment in two global Phase 3 studies of CASGEVY in patients 5 to 11 years of age with SCD or TDT. Vertex is engaging with experienced hospitals to establish a network of authorized treatment centers throughout the U.S. to offer CASGEVY to patients. Nine ATCs have been activated in the U.S. and three in Europe, with the goal of activating approximately 50 ATCs in the U.S. and 25 in the EU. Additionally, Vertex announced an agreement with a major medication contracting organization, Synergie Medication Collective, which covers nearly 100 million lives in the U.S., to provide access to CASGEVY through an outcomes-based contract. Hemoglobinopathies CRISPR Therapeutics has two next-generation research focuses that each have the potential to expand the addressable population with SCD and TDT significantly. First, the Company continues to advance its internal targeted conditioning program, an anti-CD117 antibody-drug conjugate, through preclinical studies. Second, the Company has ongoing research efforts to enable in vivo editing of hematopoietic stem cells. This work, supported in part by a $14.5 million grant from the Bill & Melinda Gates Foundation, could obviate the need for conditioning altogether, expand geographic reach, and enable the treatment of multiple additional other diseases beyond SCD and TDT. Immuno-Oncology and Autoimmune Disease CRISPR Therapeutics' next-generation allogeneic CAR T candidates reflect the Company's mission of innovating continuously to bring potentially transformative medicines to patients as quickly as possible. Clinical trials are ongoing for CRISPR Therapeutics' next-generation CAR T product candidates, CTX112 and CTX131, targeting CD19 and CD70, respectively. Emerging pharmacology data, including pharmacokinetics, indicate that the novel potency gene edits in CTX112 and CTX131 can lead to significantly higher CAR T cell expansion and functional persistence in patients compared to the first-generation candidates. Focusing efforts on these candidates will enable the Company to advance these potentially best-in-class CAR T therapies more efficiently and rapidly. The Company expects to provide a clinical update in 2024 for these next-generation candidates. CRISPR Therapeutics plans to initiate a clinical trial of CTX112 in systemic lupus erythematosus in the first half of 2024, with the potential to expand into additional autoimmune indications in the future. Early clinical studies have shown that CD19-directed autologous CAR T therapy can produce long-lasting remissions in multiple autoimmune indications. CRISPR Therapeutics is expanding trials of CTX131 into hematologic malignancies, including T- and B-cell malignancies, in addition to the ongoing clinical trial in solid tumors. In Vivo CRISPR Therapeutics is advancing a pipeline of in vivo gene editing programs using lipid nanoparticle delivery of Cas9 mRNA and a guide RNA to the liver. Its first two in vivo programs, CTX310 and CTX320, each aim to reduce expression of a validated target for cardiovascular disease. Beginning with these programs, CRISPR Therapeutics aims to transform the treatment paradigm for cardiovascular indications and beyond with potential one-time therapies that could recapitulate the proven benefit of targets validated by natural human genetics and other therapeutic modalities. A Phase 1 clinical trial is ongoing for CTX310, targeting angiopoietin-like 3 protein. In humans, naturally occurring loss-of-function variants in ANGPTL3 are associated with reduced levels of serum lipids and reduced risk of atherosclerotic cardiovascular disease. The Phase 1 trial is enrolling patients with mixed dyslipidemias, homozygous familial hypercholesterolemia, and severe hypertriglyceridemia. CRISPR Therapeutics has initiated a Phase 1 clinical trial for CTX320, an investigational program targeting lipoprotein. Elevated Lp(a), which is associated with an increased risk of atherosclerotic cardiovascular disease, is present in approximately one in five people in the United States and around the world. CRISPR Therapeutics expects to nominate additional in vivo programs targeting both rare and common diseases this year, to be disclosed in mid-2024. Regenerative Medicine CRISPR Therapeutics announced today that ViaCyte has elected to opt-out of the collaboration with CRISPR Therapeutics for the co-development and co-commercialization of gene-edited stem cell therapies for the treatment of diabetes. Per the opt-out terms, the on-going collaboration assets will now be wholly owned by CRISPR Therapeutics, subject to a royalty on future sales owed to ViaCyte. The opt-out will become effective in early February. The ViaCyte collaboration assets include CTX211, an allogeneic, gene-edited, immune-evasive, stem cell derived product candidate that is transplanted into patients in a device and intended to produce insulin in a glucose-dependent manner. CRISPR Therapeutics continues to advance a Phase 1 clinical trial for CTX211 for the treatment of Type 1 Diabetes . CRISPR Therapeutics remains committed to its goal of developing a beta-cell replacement product that does not require chronic immunosuppression. Separate from the ViaCyte collaboration, Vertex continues to have non-exclusive rights to certain CRISPR Therapeutics' CRISPR/Cas9 technology to accelerate development of potentially curative cell therapies for T1D. Vertex paid $170 million to CRISPR Therapeutics in upfront and milestone payments in 2023 as part of that licensing agreement, and CRISPR Therapeutics remains eligible for an additional $160 million in research and development milestones and would receive royalties on any future products resulting from this agreement. Manufacturing CRISPR Therapeutics' state-of-the-art Good Manufacturing Practice facility located in Framingham, MA is fully operational, and continues to support the production of the Company's various investigational therapies. Potential benefits of this facility include significantly lower cost of goods, increased flexibility and greater scalability. The Company's next-generation allogeneic CAR T candidates manufactured at its internal GMP facility exhibit increased manufacturing robustness, yield and scalability.
RNAC SELB

Hot Stocks

07:51 EST Cartesian highlights progress, 2024 strategic priorities - Cartesian Therapeutics (RNAC) highlighted its recent progress and outlined 2024 strategic priorities across its pipeline of mRNA cell therapy product candidates. Program Updates and Anticipated 2024 Milestones: Cartesian's internally manufactured portfolio of mRNA cell therapies are purposefully designed to be administered conveniently in an outpatient setting. The Company's RNA-engineering approach is designed to expand the reach of cell therapy to autoimmunity with potent therapies that can be dosed more reliably and safely in an outpatient setting without lymphodepletion. Descartes-08: Descartes-08 is an autologous anti-B cell maturation antigen mRNA CAR-T. Enrollment remains ongoing in the Company's Phase 2b randomized, double-blind, placebo-controlled trial of Descartes-08 in patients with MG, with topline results expected in mid-2024. In the open label Phase 2a portion of the study, Descartes-08 was administered in an outpatient setting without preconditioning chemotherapy. The drug was observed to be safe, well tolerated, and appeared to lead to deep, durable clinical responses. These results were published earlier this year in The Lancet Neurology. The Company remains on track to initiate a Phase 2 study of Descartes-08 in patients with SLE in the first half of 2024. Cartesian continues to anticipate the initiation of Phase 2 basket studies in additional autoimmune indications in the second half of 2024. The studies are designed to assess the safety and tolerability of outpatient Descartes-08 administration without preconditioning chemotherapy. Descartes-15: The Company today announced that the U.S. FDA has cleared its IND application for Descartes-15. Planning for a first-in-human Phase 1 dose escalation study is underway. The study will be designed to assess the safety and tolerability of outpatient Descartes-15 administration in patients with multiple myeloma. The Company expects to subsequently assess Descartes-15 in autoimmune indications.
CROX

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07:50 EST Crocs jumps 7% to $93.03 after issuing positive guidance -
CYBN

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07:50 EST Cybin: IM dosing of SPL028 produced robust, short-duration psychedelic effects - Cybin announced positive safety, pharmacokinetic or PK and pharmacodynamicor PD, data from its Phase 1 studies of CYB004 and SPL028 in healthy volunteers. CYB004 and SPL028 are proprietary deuterated DMT molecules within the Company's DMT program in development for the treatment of generalized anxiety disorder. Results from the Phase 1 studies in the CYB004 and SPL028 programs demonstrated PK and PD profiles with the potential to bridge data across these molecules, and the PK profiles for both molecules demonstrated concentrations in the effective range. Both IV and IM administration routes were safe and well-tolerated, with potential for IM dosing to provide a more convenient dosing method for patients when compared to IV infusion. IM dosing of SPL028 produced robust psychedelic effects lasting a short duration in the majority of subjects, a finding that supports IM administration as a well-tolerated and effective dosing method that is highly scalable. " We are pleased that both the IV and IM administrations produced robust psychedelic effects and were safe and well-tolerated. We are especially encouraged that the IM route produced psychedelic effects in the majority of subjects, with a short-duration psychedelic experience from a single administration of SPL028," said Doug Drysdale, Chief Executive Officer of Cybin." Collectively, these positive results will inform a more targeted approach and support an accelerated path to a Phase 2 deuterated DMT study in GAD in early 2024."
SELB RNAC

Hot Stocks

07:49 EST Cartesian announces follow-up data from Phase 2a trial of Descartes-08 - Cartesian Therapeutics (RNAC) announced positive twelve-month follow-up data from its Phase 2a trial of Descartes-08 in patients with generalized myasthenia gravis, a chronic autoimmune disorder that causes disabling muscle weakness and fatigue. The manuscript titled, "Twelve-Month Follow-Up of Patients With Generalized Myasthenia Gravis Receiving BCMA-Directed mRNA Cell Therapy," has been submitted for peer-review and can be accessed on the online preprint server, medRxiv. Data reported today are headlined by long-term results from all participants who received a once-weekly infusion for six weeks during the Phase 2a portion of the study: Descartes-08 was infused in an outpatient setting without lymphodepleting chemotherapy. Throughout the study and long-term follow-up interval, Descartes-08 was well-tolerated, with no dose-limiting toxicities, cytokine release syndrome, or neurotoxicity. At Month 9 follow-up, all participants continued to experience marked and long-lasting clinical improvements across four validated MG disease scoring systems: MG Composite, MG Activities of Daily Living, Quantitative MG scores, and Quality of Life 15-revised. These assessments occurred approximately 7 months after the last Descartes-08 infusion, and no participants received new or increased MG-directed drugs during the study period. At Month 12, five of the seven participants maintained clinically meaningful improvement in the same four scoring systems. These assessments occurred approximately 10 months after the final Descartes-08 infusion. Two participants experienced loss of clinical effect at Month 12 and were eligible for retreatment. One participant was retreated, and experienced rapid improvement in clinical scores, which was ongoing at Month 6 of follow-up with minimal symptom expression. All three participants with detectable anti-acetylcholine receptor antibody levels at baseline experienced marked anti-AChR antibody reductions by Month 6, which deepened further by Month 9, and were maintained at Month 12.
STTK

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07:48 EST Shattuck Labs expects cash to fund operations into 2026 - Shattuck ended the third quarter of 2023 with approximately $101.1 million in cash and cash equivalents and investments. The company expects its cash and cash equivalents and investments as of September 30, 2023, together with the proceeds from the $50 million registered offering of common stock and concurrent private placement of pre-funded warrants in December of 2023, to be sufficient to fund operations into 2026.
STTK

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07:47 EST Shattuck Labs highlights upcoming key milestones in 2024 - "In 2023, we delivered key safety and efficacy data across our clinical development program for SL-172154 and further strengthened our financial resources, which we believe will carry us beyond upcoming milestones in the year ahead," said Taylor Schreiber, M.D., Ph.D., Chief Executive Officer of Shattuck Labs. "Based on preliminary results demonstrating initial anti-tumor activity and an acceptable safety and tolerability profile across several indications, we believe SL-172154 has first-in-class opportunities in HR-MDS, AML, and ovarian cancer. Our recent financing enables the expansion of our trial in HR-MDS and TP53m AML and acceleration of other regulatory and manufacturing activities to support our discussions in 2024 regarding potential registrational development plans. These are all indications with significant unmet medical need, and we will maintain our current operational efficiency and focus to drive shareholder value in the year ahead." Clinical Milestones Expected in 2024 Complete objective response rates and initial duration of response data from the ongoing Phase 1B clinical trial of SL-172154 in combination with PLD in PROC expected mid-year 2024. Initial combination data from the Phase 1B clinical trial of SL-172154 in combination with mirvetuximab soravtansine in PROC expected mid-year 2024. Complete objective response rates and initial duration of response data from the Phase 1B expansion cohorts of SL-172154 in combination with AZA in frontline TP53m AML and HR-MDS expected mid-year 2024.
GOEV

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07:46 EST Canoo acquires manufacturingassets to increase vehicle assembly capacity - Canoo announced the purchase of manufacturing assets at dramatically reduced prices to scale production at its Oklahoma City facility. Canoo purchased a cache of manufacturing assets, from robotics to controls processing equipment that will be used to build vehicle cabins. As Canoo scales manufacturing to make additional customer deliveries in 2024, the company is continuously exploring ways to acquire high-value equipment at reduced prices through alternative routes. Canoo purchased the assets at a discounted price of over 80 percent of estimated value. These newly purchased assets will be used in Oklahoma to drive Canoo's manufacturing strategy and create advanced manufacturing jobs in the state of Oklahoma.
OPCH PLTR

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07:46 EST Option Care Health selects Palantir's AI platform for digital transformation - Palantir Technologies (PLTR) and Option Care Health (OPCH) announced a multi-year commercial partnership for Palantir's software to be leveraged across the company to help improve patient outcomes and increase efficiency. Option Care Health expects to use Palantir's Artificial Intelligence Platform across nurse scheduling, patient onboarding, purchasing optimization, and supply chain execution, among other potential use cases. "We are excited to partner with one of the innovative leaders in AI-powered software and leverage their platform and expertise to enhance our intelligent technology ecosystem focused on streamlining processes, enhancing our expertise, improving the patient experience, and optimizing clinical outcomes," said John Rademacher, President & CEO of Option Care Health. "I believe that utilizing Palantir's Foundry and AIP will allow us to innovate rapidly, build on best practices and help ensure our approach to AI and Machine Learning incorporates the strongest foundations and provides strong protections and integrity for our stakeholders."
ATCX

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07:45 EST Atlas Technical Consultants appoints Jacqueline Hinman as CEO - Atlas Technical Consultants announced the appointment of Jacqueline Hinman as CEO. Hinman replaces retiring CEO L. Joe Boyer. Hinman has 35 years of career engineering industry experience, which includes serving for nearly 20 years with Fortune 500 engineering company CH2M, most recently as Chairman and CEO prior to its acquisition in 2017.
FHTX

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07:43 EST Foghorn Therapeutics announces strategic objectives for 2024 - "We enter 2024 with several important milestones ahead of us. We anticipate data from our Phase 1 combination study of FHD-286 in AML in the second half of the year and look forward to continued progress with our unique pipeline, including our BRM selective inhibitor and degrader programs in collaboration with Loxo@Lilly," said Adrian Gottschalk, President and Chief Executive Officer. "We have made significant progress with our preclinical programs, including our selective EP300, CBP and ARID1B degrader programs and are getting ready to share more preclinical data in the first half of the year. This will also include preclinical combination data of FHD-286 with tyrosine kinase inhibitors of EGFR and KRAS. Over the next four years, we anticipate the filing of at least six new INDs, reflecting the productivity of our precision medicine platform. This is all supported by our cash and equivalents position of approximately $259.9 million as of September 30, 2023." FHD-286. FHD-286 is a potent, selective inhibitor of the BRG1 and BRM subunits of the BAF chromatin remodeling complex where dependency on BRG1/BRM is well-established preclinically with multiple tumor types, including acute myelogenous leukemia/myelodysplastic syndrome, non-small cell lung cancer and prostate cancer. AML Update. Foghorn commenced a Phase 1 study of FHD-286 in combination with decitabine or low-dose cytarabine in relapsed and/or refractory AML patients, with the first patient dosed during the third quarter of 2023. The first clinical data are expected in the second half of 2024. TKI Resistance. Recently published data, along with Foghorn's work, suggest that FHD-286 may play an important role in overcoming resistance in EGFR/KRAS tumors. The company is conducting preclinical work to further explore the opportunity. Differentiated Pipeline Advancement. Foghorn continues to expand its platform and pipeline. The Company anticipates the potential for six new investigational new drug applications in the next four years. The Company continues to progress programs for multiple targets that include chromatin remodeling complexes, transcription factors, helicases and other chromatin-related factors. These targets include selective BRM and wholly owned programs including CBP, EP300, and ARID1B, as well as other undisclosed targets, which combined could address more than 20 tumor types impacting more than 500,000 new patients annually. Selective EP300 and Selective CBP programs. Foghorn presented new preclinical data for its EP300 and CBP selective degrader programs at Hanson Wade's 6th Annual Targeted Protein Degradation Summit on October 31, 2023. EP300 selective degraders showed potent cellular antiproliferation and in vivo tumor growth inhibition in an AR+ enzalutamide prostate in vivo model. CBP selective degraders demonstrated significant tumor growth inhibition in a colorectal cancer in vivo model. Antiproliferative effects were also observed for numerous cancer cell lines, including colorectal, gastric and bladder cancers. At preclinical efficacious doses, neither the EP300 nor the CBP selective degraders caused thrombocytopenia, a commonly observed safety liability for dual CBP/EP300 inhibitors. Additional preclinical data will be presented in the first half of 2024. Strong Balance Sheet and Cash Runway. As of September 30, 2023, the Company had $259.9 million in cash, cash equivalents and marketable securities providing cash runway into the first half of 2026.
PEPG

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07:41 EST PepGen announces first patient dosed in CONNECT1-EDO51 Phase 2 trial - PepGen announced that the first patient has been dosed in its CONNECT1-EDO51 Phase 2, open-label multiple ascending dose clinical trial evaluating PGN-EDO51 for the treatment of Duchenne muscular dystrophy patients amendable to an exon 51 skipping therapy. "We are pleased to have dosed the first patient in our CONNECT1-EDO51 clinical trial, which marks another milestone in our commitment to developing therapies with the potential to truly improve the lives of people living with DMD," said James McArthur, Ph.D., President and CEO of PepGen. "Based on the levels of exon skipping achieved following a single dose of PGN-EDO51 in our Phase 1 healthy volunteer trial, we are looking forward to our initial planned data readout in DMD patients at the 5 mg/kg PGN-EDO51 dose level for CONNECT1-EDO51 in the middle of 2024."
TVTX

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07:41 EST Travere Therapeutics announces anticipated 2024 milestones - FILSPARI is an endothelin and angiotensin II receptor antagonist indicated to reduce proteinuria in adults with primary immunoglobulin A nephropathy at risk of rapid disease progression, generally a UPCR greater than or equal to1.5 g/g. In 2024, the Company anticipates conversion of FILSPARI from accelerated approval to full approval for IgAN as well as a potential approval for the treatment of IgAN in Europe. The Company is also generating additional data that is expected to support the clinical profile of FILSPARI and it anticipates updates to treatment guidelines for IgAN to include FILSPARI. FILSPARI - IgAN: In the fourth quarter of 2023, the Company received 459 new patient start forms, reflecting continued strength in physician demand. Preliminary net product sales of FILSPARI in the fourth quarter of 2023 were $15 million; $30 million since the beginning of commercial launch in February 2023. The Company is on track to submit a supplemental New Drug Application (sNDA) in the first quarter of 2024 for conversion of the existing U.S. accelerated approval of FILSPARI to full approval. Following submission of the two-year results from the PROTECT Study of FILSPARI in IgAN and a corresponding procedural review clock-stop, the Company and its collaborator CSL Vifor anticipate a review opinion by the Committee for Medicinal Products for Human Use on the potential approval of the Conditional Marketing Authorization application for sparsentan for the treatment of IgAN in Europe in the first quarter of 2024. If approved, sparsentan would receive CMA in all member states of the European Union, as well as in Iceland, Liechtenstein, and Norway. In 2024, the Company expects additional data from its ongoing open-label studies evaluating the safety and efficacy of sparsentan in combination with sodium glucose cotransporter-2 inhibitors as well as from the ongoing SPARTAN Study evaluating the potential effect of FILSPARI as a first-line therapy in patients with newly diagnosed IgAN. In 2024, the Company anticipates inclusion of FILSPARI into the Kidney Disease Improving Global Outcomes Clinical Practice Guideline for the Management of Glomerular Diseases. Sparsentan - Focal Segmental Glomerulosclerosis: In 2024, the Company is conducting additional analyses of FSGS data and will engage with regulators to evaluate potential regulatory pathways for a sparsentan FSGS indication. Pegtibatinase - Classical HCU: The Company is advancing pegtibatinase, a novel investigational enzyme replacement therapy with the potential to become the first and only disease-modifying therapy for people living with classical homocystinuria: In December 2023, the Company initiated the pivotal Phase 3 HARMONY Study to support the potential approval of pegtibatinase for the treatment of classical HCU. The HARMONY Study is a global, randomized, multi-center, double-blind, placebo-controlled Phase 3 clinical trial designed to evaluate the efficacy and safety of pegtibatinase as a novel treatment to reduce total homocysteine levels. The trial is expected to enroll approximately 70 patients with a diagnosis of classical HCU and tHcy levels greater than or equal to50 muM while maintaining their standard-of-care treatment. Participants will be randomized 1:1 to receive 2.5 mg/kg of pegtibatinase or placebo, administered subcutaneously, for a 24-week blinded treatment duration. The primary endpoint is relative geometric mean change in plasma tHcy levels from baseline compared to weeks 6 through 12. Durability of treatment response through 24 weeks of treatment will also be measured as a secondary endpoint. Topline results from the HARMONY Study are expected in 2026. The Company will also be initiating the ENSEMBLE Study, a Phase 3b, open-label, long-term extension, that will evaluate the ongoing efficacy and long-term safety of pegtibatinase in participants with HCU following their completion of the COMPOSE Study or the HARMONY Study. ENSEMBLE will include an optional protein tolerance modification sub-study that will evaluate if patients can increase their natural dietary protein intake and maintain an acceptable level of metabolic control while receiving pegtibatinase.
ITOS

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07:40 EST iTeos Therapeutics announces 2024 strategic priorities, anticipated milestones - iTeos Therapeutics outlined business updates and strategic priorities for 2024. Program Highlights: Belrestotug: IgG1 anti-TIGIT monoclonal antibody targeting first-line non-small cell lung cancer and head and neck squamous cell carcinoma in collaboration with GSK; Preparation underway for Phase 3 registrational studies that will evaluate the belrestotug + dostarlimab doublet; GALAXIES Lung-201: topline data from Phase 2 platform trial assessing belrestotug + dostarlimab doublet in first-line advanced/metastatic non-small cell lung cancer anticipated in 2024; GALAXIES H&N-202: enrollment ongoing in Phase 2 platform study assessing belrestotug + dostarlimab doublet and a triplet with GSK's investigational anti-CD96 antibody in first-line patients with PD-L1 positive recurrent / metastatic HNSCC; TIG-006 HNSCC: topline data from Phase 2 expansion trial assessing belrestotug + dostarlimab doublet in first-line PD-L1 positive advanced or metastatic HNSCC anticipated in 2024; TIG-006 mNSCLC: enrollment ongoing in Phase 2 expansion trial assessing belrestotug, dostarlimab, and chemotherapy triplet in first-line advanced or metastatic NSCLC; TIG-007: the Company has deprioritized the Phase 1/2 TIG-007 trial assessing belrestotug and in combination with Bristol Myers Squibb's iberdomide due to the evolving treatment landscape in relapsed/refractory multiple myeloma; Continued advancement of Phase 1b trials exploring two novel triplets in advanced solid tumors: belrestotug + dostarlimab and GSK's investigational anti-CD96 antibody (GSK'608), and belrestotug + dostarlimab and GSK's investigational anti-PVRIG antibody. Adenosine Pathway: Inupadenant: insurmountable small molecule antagonist targeting adenosine A2A receptor in second-line NSCLC; A2A-005: topline data from the dose escalation portion of the Phase 2 trial with inupadenant and platinum-doublet chemotherapy in post-IO metastatic non-squamous NSCLC anticipated in late 2024; IO-001: completed enrollment of the Phase 2 IO-001 monotherapy high biomarker trial in advanced solid tumors. The Company plans to integrate IO-001 biomarker knowledge into the development strategy of future inupadenant clinical trials. EOS-984: first-in-class small molecule targeting equilibrative nucleoside transporter 1, a dominant transporter of adenosine on lymphocytes involved in T cell metabolism, expansion, effector function, and survival; Preclinical mechanism of action data anticipated in the second quarter of 2024; Topline data from the Phase 1 dose escalation trial in advanced malignancies anticipated in the second half of 2024. The Company's cash and cash equivalent position was $644.9 million as of September 30, 2023.
DOOR PGTI

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07:40 EST Masonite sees closing PGT Innovations deal in the middle of 2024 - Masonite International (DOOR) issued the following statement. "Masonite remains fully committed to the transaction with PGT Innovations (PGTI) on its current terms and is confident that the definitive merger agreement - a result of thorough due diligence and careful negotiation by both the Masonite and PGTI Boards - reflects a full and fair value for PGTI and its shareholders. In addition to compelling value, Masonite's agreement also provides a high degree of transaction certainty...Specifically, the combination of Masonite and PGT Innovations offers: Financial Benefits A compelling $33.50 in cash for PGTI shareholders plus the unique ability to participate in the powerful upside growth potential of the business with approximately 16% ownership of the combined company through the receipt of Masonite stock; Approximately 200 bps increase in future revenue growth rate and an expanded total addressable market ...Scale, resources and brand recognition provided as part of a larger, more diverse company ..The terms of the binding agreement between Masonite and PGT Innovations remain in effect, and we look forward to continued progress on all workstreams as we move toward a successful closing of the transaction in the middle of this year."
MRK HARP

Hot Stocks

07:39 EST Merck to acquire Harpoon Therapeutics for $23.00 per share in cash - Merck (MRK) and Harpoon Therapeutics (HARP) announced that the companies have entered into a definitive agreement under which Merck, through a subsidiary, will acquire Harpoon for $23.00 per share in cash for an approximate total equity value of $680M. Under the terms of the agreement, Merck, through a subsidiary, will acquire all outstanding shares of Harpoon Therapeutics for a price per share of $23.00 in cash. The board of directors of Harpoon has unanimously approved the transaction. Closing of the acquisition is subject to certain conditions, including approval of the merger by Harpoon's stockholders, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and other customary conditions. The transaction is expected to close in the first half of 2024 and will be accounted for as an asset acquisition. Merck expects to record a charge (non-tax deductible) of approximately $650 million, or approximately $0.26 per share, that will be included in non-GAAP results in the quarter that the transaction closes.
TVTX

Hot Stocks

07:38 EST Travere Therapeutics sees 2023 net product sales from cont. ops. $40M - For the fiscal year 2023, the Company expects net product sales from continuing operations to be approximately $128 million. The Company ended 2023 with approximately $567 million in cash, cash equivalents, and marketable securities which is expected to support operations into 2028. The Company also provided an update on key corporate, clinical, and regulatory development initiatives, including anticipated milestones for 2024. "Our strong fourth quarter results reflect the growing demand for FILSPARI in IgAN driven by our field teams' education and outreach efforts to healthcare providers," said Eric Dube, Ph.D., president and chief executive officer of Travere Therapeutics. "In 2024, we are well-positioned to drive sustained growth of FILSPARI as the only non-immunosuppressive therapy for IgAN through our continued strong commercial execution and the potential conversion from accelerated to full approval. Additionally, we are pleased to have recently initiated the pivotal HARMONY Study for pegtibatinase. We are focused on building momentum for enrollment of this important trial which is designed to support the potential approval of pegtibatinase as the first and only disease-modifying therapy for classical HCU. Looking forward, we believe our efforts will ultimately position FILSPARI and pegtibatinase as new treatment standards in IgAN and classical HCU, clearly helping to address the needs of patients living with these rare diseases."
GIL

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07:38 EST Gildan Activewear board of directors issues letter to shareholders - The Board of Directors of Gildan Activewear issued an open letter to shareholders. "In response to Browning West's December 29, 2023 letter articulating its misguided campaign to reinstall Glenn Chamandy as CEO of Gildan Activewear, the Board of Directors is sharing further information on recent events. We would have preferred to keep many of these details private, but the public misinformation tactics by Chamandy and Browning West demand a public response. The Board is unanimous in its conviction that retaining Mr. Chamandy as CEO would have jeopardized the future of Gildan and destroyed shareholder value. Mr. Chamandy has attempted to frame this as a dispute over the Board's CEO succession process. That is not what this is about. This is about the future of Gildan. The Board had gradually lost trust and confidence in Mr. Chamandy. It had become clear that he had no credible long-term strategy and no vision for the future... Over the last few years Mr. Chamandy struggled to scale an increasingly complex organization... Mr. Chamandy was chief executive for 20 years, and, in his last few years he gradually became more disengaged as CEO as he increasingly focused on outside personal pursuits including the development of a golf resort in Barbados... In December 2021, the Board and Mr. Chamandy agreed to an orderly 3-year succession plan. By the fall of 2023, however, Mr. Chamandy moved to entrench himself as CEO. As the search for a new CEO advanced according to the process and timeline agreed upon with Mr. Chamandy, he presented the Board with a plan to make risky and highly dilutive multi-billion-dollar acquisitions, arguing that he would then need to remain as CEO for several more years to oversee the integration. This was not, as Mr. Chamandy now claims, a routine annual strategy exercise. This was a formal strategy proposal presented as Mr. Chamandy's best idea for addressing what he viewed as Gildan's limited growth potential... Recently, the Board has learned of new information regarding behaviors by Mr. Chamandy that took place around the time of his departure and are inconsistent with that of a senior executive. Mr. Chamandy recorded a private and confidential phone call on November 24, 2023 with the Chair of the Board without the Chair's knowledge. Upon his departure he also violated company policies related to the safeguarding of corporate information. The Board of Directors is currently investigating these and other matters, including Mr. Chamandy's engagement with certain shareholders prior to his termination... Mr. Chamandy has spent weeks telling a false and misleading story about recent events at Gildan. Many well-intentioned investors have bought into that false story. The Board will continue to patiently, yet firmly, set the record straight. We look forward to continuing our conversations with shareholders."
JNJ AMAM

Hot Stocks

07:37 EST Johnson & Johnson to acquire Ambrx Biopharma for $2B in cash - Johnson & Johnson (JNJ) announced it has entered into a definitive agreement to acquire Ambrx Biopharma (AMAM) in an all-cash merger transaction for a total equity value of approximately $2B, or $1.9B net of estimated cash acquired. Under the terms of the transaction, which was approved by the Johnson & Johnson board of directors, Johnson & Johnson will acquire all of the outstanding shares of Ambrx's common stock for $28.00 per share in cash through a merger of Ambrx with a subsidiary of the company. The closing of the transaction is expected to occur in the first half of 2024, subject to receipt of Ambrx shareholder approval, as well as clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The approximately $1.9 billion estimated net value of the transaction is based on Ambrx's estimated fully diluted shares outstanding, less estimated net cash at the time of closing. Following completion of the transaction, Ambrx's common stock will no longer be listed for trading on the Nasdaq Global Select Market. The accounting treatment as a business combination or asset acquisition will be determined on or before the expected close of the transaction.
AMAM JNJ

Hot Stocks

07:37 EST Ambrx Biopharma to be acquired by Johnson & Johnson for $28.00 per share - Ambrx Biopharma (AMAM), entered into a definitive agreement pursuant to which Johnson & Johnson (JNJ) will acquire all of the outstanding shares of Ambrx for $28.00 per share in cash, representing an approximately 105% premium to Ambrx's closing stock price on January 5, 2024, for a total equity value of approximately $2B. Ambrx's proprietary Antibody Drug Conjugate technology incorporates the advantages of highly specific targeting monoclonal antibodies securely linked to a potent chemotherapeutic payload to achieve targeted and efficient elimination of cancer cells without the prevalent side-effects typically associated with chemotherapy. Building on a legacy of innovation in oncology and in prostate cancer, Johnson & Johnson scientists intend to work with Ambrx researchers, accelerating the Phase 1/2 APEX-01 study of ARX517 in advanced prostate cancer, while progressing a pipeline of novel product candidates. The transaction, which was unanimously approved by the Ambrx Board of Directors, is expected to close in the first half of 2024, subject to customary closing conditions, including approval by Ambrx shareholders and clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
CWH

Hot Stocks

07:35 EST Camping World to acquirethree locations in Texas and Oklahoma, no terms - Camping World Holdings announced that it is set to acquire Genuine RV, with locations in Texarkana and Nacogdoches, Texas, and Idabel, Oklahoma. The transaction is anticipated to close in the second quarter of 2024 and will increase the Company's Texas location count to 13, and its Oklahoma location count to six. Marcus Lemonis, Chairman and CEO of Camping World commented, "The acquisition of Genuine RV builds out our presence in East Texas, with three stores and the addition of lines from Grand Design and Keystone. We continue to be focused on our goal to increase our dealership count to over 320 locations over the next five years, through a combination of acquisitions, new store openings, and manufacturer exclusive locations."
AGIO

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07:35 EST Agios Pharmaceuticals announces anticipated 2024 milestones - "We were pleased to announce positive topline data from the Phase 3 study of our lead PK activator, mitapivat, in non-transfusion-dependent alpha- or beta-thalassemia last week, a segment of the population with no currently approved therapeutic options in the U.S. We look forward to data readouts from four additional Phase 3 studies across our industry-leading PK activator franchise by the end of 2025," said Brian Goff, chief executive officer at Agios. "This robust series of near-term catalysts positions Agios for potential launches of a first- and best-in-class therapy in thalassemia in 2025 and in sickle cell disease in 2026, and we look forward to maximizing the commercial opportunities ahead of us. Supported by our strong cash position, Agios is poised for significant progress in the next 12-24 months, and we look forward to the opportunity to deliver a novel oral treatment option for two additional hematologic diseases with high unmet need." Anticipated 2024 Milestones Thalassemia: Following the announcement of topline data from the Phase 3 ENERGIZE study last week, Agios plans to report topline data from the Phase 3 ENERGIZE-T study of mitapivat in transfusion-dependent thalassemia mid-year and submit a New Drug Application for mitapivat in thalassemia year-end; Sickle Cell Disease: Complete enrollment in the Phase 3 portion of the RISE UP study of mitapivat year-end; Pediatric PK Deficiency: Complete enrollment in the Phase 3 ACTIVATE-kids study of mitapivat mid-2024. Report topline data from Phase 3 ACTIVATE kids-T study year-end; Lower-risk Myelodysplastic Syndromes: Dose first patient in Phase 2b study of AG-946 mid-year; Earlier-stage Pipeline: Dose the first patient in the Phase 1 study of PAH stabilizer for the treatment of PKU H1 2024; Four Additional Phase 3 Readouts and Two Potential New Indication Approvals Expected by End of 2026: 2024: Data readout from Phase 3 ENERGIZE study of mitapivat in non-transfusion-dependent thalassemia announced January 3, 2024; Data readout from Phase 3 ENERGIZE-T study of mitapivat in transfusion-dependent thalassemia mid-year; Data readout from Phase 3 ACTIVATE kids-T study of mitapivat in pediatric PK deficiency year-end; 2025: Data readout from Phase 3 portion of the RISE UP study of mitapivat in sickle cell disease; Data readout from Phase 3 ACTIVATE kids study of mitapivat in pediatric PK deficiency; Potential FDA approval for mitapivat in thalassemia; 2026: Potential FDA approval for mitapivat in sickle cell disease Potential FDA approval for mitapivat in pediatric PK deficiency.
REGN

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07:34 EST Regeneron unit announces multi-national agreement with Medison Pharma - Medison Pharma announced their exclusive multi-national agreement with Regeneron Ireland DAC, a wholly owned subsidiary of Regeneron Pharmaceuticals, to commercialize Libtayo, a fully human monoclonal antibody targeting the immune checkpoint receptor PD-1 on T cells, in select European markets and additional markets around the world. Libtayo was invented in laboratories at Regeneron, which acquired exclusive worldwide development, commercialization, and manufacturing rights to the medicine from Sanofi in July 2022. Medison and Regeneron will work together with all stakeholders and regulatory authorities to facilitate a seamless transition of commercialization activities to Medison during the first half of 2024.
ZVRA

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07:33 EST Zevra Therapeutics announces FDA acceptance of resubmission of arimoclomol NDA - Zevra Therapeutics announced that the U.S. Food and Drug Administration has acknowledged receipt of the resubmission of the New Drug Application for arimoclomol as an orally-delivered, first-in-class treatment for Niemann-Pick disease type C. Under the Prescription Drug User Fee Act, the FDA has deemed the arimoclomol NDA resubmission to be a Class II complete response which has a six-month review period from the date of resubmission. As a result, the FDA has assigned a PDUFA action date of June 21, 2024, and currently intends to present the resubmission for discussion in an advisory committee. Zevra believes that its resubmission of the arimoclomol NDA addresses the concerns previously raised in the June 2021 complete response letter issued by the FDA in response to the prior arimoclomol NDA filing. The resubmission includes additional evidence supporting trial metrics, FDA-preferred analyses, and data from multiple additional studies that provide supporting evidence of arimoclomol's efficacy in clinical and non-clinical settings.
SNGX

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07:32 EST Soligenix announces FDA Fast Track designation for dusquetide - Soligenix announced that its SGX945 (dusquetide) development program for the treatment of oral lesions of Behcet's Disease has received "Fast Track" designation from the U.S. FDA.
HLVX

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07:31 EST HilleVax, Kangh announce exclusive license agreement for HIL-216 - HilleVax and Chengdu Kanghua Biological Products announced the entry into an exclusive license agreement for rights to Kangh's hexavalent virus-like particle, VLP, vaccine candidate for norovirus, referred to by HilleVax as HIL-216, outside of Greater China. HIL-216 includes VLPs for six of the most common norovirus genotypes, including GI.1, GII.2, GII.3, GII.4, GII.6, and GII.17. The Investigational New Drug application for HIL-216 was cleared by the U.S. FDA in September 2023. As part of the exclusive license agreement, Kangh will supply HIL-216 for use in HilleVax's near-term clinical trials, including a Phase 1 trial that HilleVax expects to initiate in 2024. "We are delighted to partner with HilleVax, a company with world-class expertise in norovirus vaccine development and a deep commitment to making an impact on the considerable morbidity, mortality, and economic burden associated with norovirus," said Mr. Wang Zhentao, Chairman of Kangh. "This agreement represents a significant milestone for Kangh in our aim to bring our novel pipeline of vaccine products to global markets and is representative of our significant vaccine discovery, development, and manufacturing capabilities." HilleVax will pay Kangh an upfront payment of $15 million with the potential for additional payments of up to $255.5 million upon achieving certain development and sales milestones. Kangh is also eligible to receive a single-digit tiered royalty on net sales outside of Greater China.
NRIX

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07:30 EST Nurix Therapeutics expects cash runway into 2H25 - Maintained strong balance sheet with $329M including funds as of August 31, 2023 and $60 million upfront received from Seagen in the fourth quarter of 2023. Based on our current operating plan Nurix has cash runway into the second half of 2025.
NRIX

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07:30 EST Nurix Therapeutics provides 2024 goals, catalysts - "In 2023, Nurix strengthened its leadership position in the targeted protein modulation field with significant accomplishments in several key areas of our business," said Arthur T. Sands, M.D., Ph.D., president and chief executive officer of Nurix. "We recently presented impressive clinical responses from our NX-5948 clinical trial in leukemia and lymphomas and have implemented plans to accelerate enrollment with dozens of new clinical trial sites in the United States, the United Kingdom, and Europe in 2024. We expanded our pipeline through strategic collaborations, including the addition of a new class of medicines with our first of its kind collaboration with Seagen, now Pfizer, to develop Degrader-Antibody Conjugates for use in cancer. We also made substantial progress in our existing collaborations, as exemplified by Gilead exercising its option to exclusively license Nurix's investigational targeted IRAK4 protein degrader molecule for rheumatoid arthritis and other inflammatory diseases. Notably, our strategic collaborations generated meaningful non-dilutive funding in 2023, which positions us well financially to progress and expand our pipeline through important milestones in 2024 and beyond." 2024 Goals and Catalysts Clinical updates to Nurix's three wholly clinical stage programs as described below: NX-5948: Nurix is evaluating NX-5948 in an ongoing Phase 1 clinical trial in adults with relapsed or refractory B cell malignancies and expects to define doses for Phase 1b cohort expansion in CLL and NHL and to present additional clinical data with higher dose levels and longer treatment duration. The company plans to accelerate Phase 1 clinical trial enrollment to enable pivotal trials. In addition, Nurix expects to complete ongoing preclinical studies that can enable an investigational new drug application for NX-5948 in autoimmune indications. NX-2127: Nurix expects to resolve the partial clinical hold on the Phase 1 clinical trial to enable the introduction of newly manufactured drug product into the ongoing Phase 1 clinical trial. NX-1607: Nurix expects to present data from the Phase 1a stage of the monotherapy and paclitaxel combination cohorts in its clinical trial of NX-1607 in a range of oncology indications, and to define plans and dose for Phase 1b cohort expansion. Research and Corporate Nurix expects to nominate a new targeted protein degrader development candidate. Nurix plans to present and publish preclinical work on its wholly owned programs throughout 2024 at appropriate scientific and medical meetings. Research milestones: Nurix expects to achieve multiple research collaboration milestones throughout 2024 from its existing collaborations with Gilead, Sanofi, and Pfizer. Business Development: Nurix will continue to prioritize the formation of new drug discovery and development collaborations to further advance and fund its pipeline.
TRML

Hot Stocks

07:29 EST Tourmaline Bio announces upcoming key milestones for TOUR006 - Tourmaline Bio announced that: It is planning to commence a pivotal Phase 3 trial for TOUR006 in TED in 2024. This second pivotal trial will replace the previously planned TED basket trial and does not impact Tourmaline's expected cash runway through 2026. Topline data from the ongoing Phase 2b spiriTED trial are expected in the first half of 2025 and topline data from the planned Phase 3 trial in TED are expected in 2026. Alignment has been reached with the U.S. Food & Drug Administration on the ASCVD clinical development program, including a Phase 2 trial evaluating the reduction of C-reactive protein, a validated biomarker for inflammation, with quarterly dosing of TOUR006 in patients with elevated cardiovascular risk. This trial is targeted to commence in the first half of 2024, with topline data expected in the first half of 2025. Pending success, the results from the Phase 2 trial are expected to position Tourmaline to be ready in 2025 to commence a pivotal Phase 3 trial in cardiovascular disease.
NUS

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07:29 EST Nu Skin to report Q4 preliminary revenue slightly above prior view - Nu Skin Enterprises announced President and CEO Ryan Napierski and Chief Financial Officer James D. Thomas will present at the ICR Conference on Tuesday, Jan. 9. They will participate in a moderated fireside chat to discuss company strategy and the state of the business, including Q4 preliminary revenue slightly above its guidance range driven by the launch of ageLOC WellSpa iO in many markets, seasonal promotions in China and continued performance of Rhyz.
ABSI

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07:28 EST Absci to present preclinical data for ABS-101 - Absci Corporation will be presenting preclinical data for ABS-101, an anti-TL1A antibody program, this week at the 42nd Annual J.P. Morgan Healthcare Conference. Absci's Integrated Drug Creation platform designed over 50 antibody leads with subnanomolar affinity using its de novo generative AI foundation model, enabling a diversity of potential candidates. Absci has selected three potential candidates for the ABS-101 program utilizing its AI lead optimization capabilities. In preclinical studies, ABS-101 potential candidates exhibited properties consistent with a potentially superior product profile by demonstrating equal or superior potency data from multiple biophysical and cellular assays, in addition to improved developability properties, as compared to estimated performance of a putative clinical competitor molecule in later stages of development. These attributes support the program's potential to create an efficacious candidate conducive to subcutaneous dosing. Furthermore, in vitro and preliminary in vivo PK studies confirm the potential for extended half-life, supporting the objective for significantly improved dosing intervals. These preclinical results demonstrate the ability of Absci's generative AI platform to rapidly and efficiently create differentiated antibody drug candidates. Supporting data for these assessments can be found in the associated company presentation for the upcoming J.P. Morgan Healthcare Conference, published on Absci's investor relations website. Absci expects to initiate Investigational New Drug application enabling studies for ABS-101 in February 2024, and submit an IND in the first quarter of 2025. Subject to clearance of the IND, Absci expects to initiate Phase 1 studies for this program shortly thereafter.
PLUR

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07:28 EST Pluri launches advanced global cell therapy CDMO - Pluri announced it has launched a new business division offering cell therapy manufacturing services as a Contract Development and Manufacturing Organization, CDMO,: PluriCDMO. PluriCDMO will offer its unique knowledge and technology and over 20 years of development and manufacturing experience. Its state-of-the-art 47 thousand square foot Good Manufacturing Practice cell therapy production facility is expected to help customers and partners address key challenges in the development and manufacturing of cell-based therapies. Pluri has appointed industry expert, Andy Lewin, to lead the business of its CDMO division. Pluri's CEO and President Yaky Yanay said, "Opening the CDMO division is a strategic move that we expect will boost revenues and cash flow utilizing our well-established technology and manufacturing facility. PluriCDMO(TM)'s vision is to provide our clients with the best-in-class facility, but more importantly, the access to valuable knowledge in cell therapy development that has been generated over the last two decades. PluriCDMO(TM), as a high-end boutique CDMO, can accelerate the development efforts of our partners and provide better control of the risks. We believe that our proposition is strong and unique, working with PluriCDMO(TM) can be the launching pad that so many companies can benefit from. Our new CDMO division is another reflection of Pluri's strategy to use our robust 3D cell expansion assets and in-house production facilities to create long-term value for our shareholders."
CTRN

Hot Stocks

07:28 EST Citi Trends announces results for holiday selling period - Citi Trends announced results for its holiday selling period. Total sales for the quarter-to-date period ending January 6 of $179.5M compared to $181.9M in the same period in 2022. Comparable store sales for the quarter-to-date period ending January 6 were down -0.3% versus the same period in 2022. David Makuen, CEO, said, "I am pleased to report that our holiday sales were at the high end of our expectations as our Ready. Set. GIFT! Campaign resonated well with the families we serve. Our nearly flat comp was driven by strategic inventory investments while continuing to generate strong gross margin. Importantly, our holiday sales results represent a significant trend change to the prior quarter with an improvement in comp sales performance of approximately 600 basis points."
RPTX

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07:27 EST Repare Therapeutics pipeline with 4 clinical-stage programs by 2H24 - Repare Therapeutics provided a corporate update and highlighted key milestones anticipated in 2024. "We significantly advanced our pipeline in 2023 and presented strong data from key programs, notably for lunresertib in combination with camonsertib, and for camonsertib in combination with PARP inhibitors. In addition, we presented compelling preclinical data sets for RP-3467, which we're developing as a potential best-in-class Pol? inhibitor, and for RP-1664, a potential first- and best-in-class PLK4 inhibitor," said Lloyd M. Segal, President and Chief Executive Officer of Repare. "2024 will be a substantial year for Repare as we aim to expand our pipeline to four clinical-stage programs by the second half of 2024, and we expect to share data readouts from ongoing studies of lunresertib combinations." Recent Accomplishments: Presented initial clinical data from the Phase 1/2 TRESR and ATTACC trials evaluating camonsertib in combination with three poly polymerase inhibitors in a Clinical Trials Plenary Session at the 2023 American Association for Cancer Research Annual Meeting. Camonsertib, a potent and selective oral small molecule inhibitor of ATR , showed 48% overall clinical benefit rate in patients with advanced solid tumors across tumor types regardless of choice of PARP inhibitor or platinum resistance, with a favorable safety and tolerability profile. Data from the TRESR trial were also published in Nature Medicine highlighting the clinical benefit of camonsertib in advanced solid tumors. ..Initiation of a Phase 1 dose escalation study of RP-1664, a potential first-in-class, oral PLK4 inhibitor, in adult and adolescent patients with TRIM37-high solid tumors in the first half of 2024...Repare ended 2023 with approximately $223M in cash, cash equivalents and marketable securities, which is anticipated to fund planned operations into mid-2026.
SLSSF

Hot Stocks

07:27 EST Solaris Resources provides 2024 preview, including planned NYSE American listing - Solaris Resources announced a preview of its 2024 plans for the Company and its Warintza Project in southeastern Ecuador. Key Milestones: NYSE American Listing - The Company intends to list on the NYSE American stock exchange to satisfy the appetite of many U.S. retail and institutional investors seeking to add exposure to Solaris. In advance of listing on the NYSE American, Solaris will file a Form 40-F Registration Statement with the United States Securities and Exchange Commission. Subject to the review and approval of the listing application and satisfaction of all applicable listing and regulatory requirements, the Company expects its common shares to commence trading on the NYSE American in H1/24. Mineral Resource Update in Q2/24 - The Company is nearing the completion of its second phase of mineral resource drilling at Warintza, which is expected to nearly double the meterage available for inclusion in the updated mineral resource estimate and deliver major growth through expansion of the deposit in extensional drilling at Warintza Central and Warintza East, and through the inclusion of the recent discovery of Warintza Southeast within a common pit shell. Extension and Infill Drilling - The third phase of drilling at Warintza is set to commence imminently and includes extensional drilling in areas in which the Warintza East and Warintza Southeast deposits are still open, and approximately 30km of infill drilling to further delineate and define mineral resources within the pit shell in advance of studies, with some of these holes doubling to provide technical data for mine design and mine planning purposes. Warintza Exploration - Plans include following up on the recent Patrimonio discovery, where the first reconnaissance holes intercepted 144m of 0.50% CuEq and 148m of 0.52% CuEq, respectively. Notably, these intercepts included skarn mineralization for which the source has not yet been located. Vectors for this mineralization trend northwest and are untested for over 1km toward Warintza West while the strongest soil geochemical anomalism is untested in the southern part of Patrimonio. In addition, the Company plans to revisit the El Trinche area that forms the southern, low grade margin of Warintza Central where a near surface intercept of high-grade mineralization within a broader low grade interval has been interpreted as a dyke with veinlet orientations and alteration suggesting it may form a high level expression of a potentially deeper, higher grade system that has not yet been located. Regional Exploration - Field investigation is planned to define drill targets at prospective areas identified in the regional exploration program to date, including: Medio Camino: a 3.5km x 1.5km porphyry target defined in soil geochemical data roughly equidistant between the Warintza porphyry cluster to the east and the neighboring San Carlos - Panantza porphyry cluster to the west; Clemente: a series of porphyry targets on trend to the north of the San Carlos - Panantza porphyry cluster; Mateo: a 3km x 1.4km area of copper-molybdenum enrichment in soil samples approximately 5km east of Warintza East that is expressed around the perimeter of an overlapping sandstone unit that may cover a porphyry; Caya: a 5km x 3km gold anomaly in stream sediments 6km northeast of Warintza East, where follow-up sampling has identified an area of 0.7km x 1.3km of anomalous gold, copper and epithermal pathfinder element values, and a concentration of dickite clay and vuggy silica alteration minerals characteristic of high sulphidation epithermal systems. Studies - The Company anticipates finalizing and submitting the Environmental Impact Assessment for the Warintza Project for regulatory review and approval in H2/24, after more than three years of baseline environmental monitoring, data collection and studies from prior permitting efforts. Follow-up programs for metallurgy, geotechnical and hydrogeological drilling, together with detailed access, internal/external infrastructure, and water and power studies will proceed under the direction of Javier Toro, recently appointed as Chief Operating Officer, and run through the end of the year.
CLNN

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07:27 EST Clene reports new CNM-Au8 results from VISIONARY-MS trial - Clene and its wholly owned subsidiary Clene Nanomedicine reported new CNM-Au8 results from the long-term open label extension of the VISIONARY-MS trial in participants with stable relapsing multiple sclerosis totaling nearly three years of follow-up. After completion of the double-blind period, study participants were offered to continue on CNM-Au8 30mg for up to an additional 96-weeks in the LTE. Analyses are reported for the modified intent to treat population that included all study participants with valid clinical data. Progressive Vision Improvement: Low contrast vision demonstrated sustained improvement by up to 38 letters across both eyes in individual participants, which represents multiple row gains on a greyed-out MS eye chart. Progressive Cognitive Improvement: Cognitive improvement, particularly working memory and information processing speed, was improved by up to 35 points in individual participants, where a three-point change in cognitive processing speed has been deemed notable in other MS studies. Improvements demonstrated during the 48-week double-blind period were maintained in the LTE for timed 25-foot walk test and nine-hole peg test. Placebo participants who transitioned to CNM-Au8 during the LTE showed significant improvements versus original baseline in LCLA and SDMT that were generally consistent with the increases observed in participants originally randomized to CNM-Au8.
CSIQ

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07:26 EST Canadian Solar unit to deliver 220 MWh DC of energy storage to Mannum project - Canadian Solar announced that e-STORAGE, which is part of the company's majority-owned subsidiary CSI Solar Co., Ltd., will deliver 220 MWh DC of energy storage solutions to a standalone energy storage project owned by Epic Energy in Mannum, South Australia. The Mannum project is being developed by Canadian Solar through its wholly-owned subsidiary Recurrent Energy. e-STORAGE will begin construction on the Mannum project in the second quarter of 2024.
OFIX

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07:25 EST Orthofix announces Massimo Calafiore assumes CEO role, names Julie Andrews CFO - Orthofix announced that effective immediately, Massimo Calafiore has assumed the role of president and CEO and as a member of the Orthofix board of directors. In conjunction with Calafiore stepping into his role as CEO, the company has announced the appointment of Julie Andrews as CFO. Andrews previously served as CFO for Smart Wires Technology, where she led all finance, tax, treasury, accounting, information technology, and investor relations functions. Prior to that role, Andrews served as the senior VP, global finance for Wright Medical Group.
PMN

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07:25 EST ProMIS Neurosciences issues letter to shareholders - ProMIS Neurosciences announced that its Chief Executive Officer, Neil Warma, issued the following letter to the Company's shareholders. "As part of our commitment to becoming a leader in the treatment of dementias, we are intensifying our focus on advancing our drug candidates into and through clinical development. Our ultimate goal is to get these potential new drugs to patients who are in desperate need of safe and effective treatment options. ProMIS' scientific platform is truly unique... Our belief is that if you can specifically target only the harmful or pathogenic proteins, this should result in a beneficial outcome to the patient and with fewer side effects. Our wealth of preclinical data demonstrates this, and we are hopeful the clinical data will continue to support this belief. I am pleased to share that our lead clinical drug candidate, PMN310, is progressing well through Phase 1a clinical development for the treatment of Alzheimer's disease... We believe PMN310 holds immense promise to address the urgent need for effective treatments in AD and remains unique in its ability to specifically target only misfolded forms (i.e., toxic oligomers) of amyloid-beta, which are believed to drive disease progression in AD... We remain committed to advancing PMN310 through the rigorous clinical development process. Over the coming months, we will be laser-focused on completing the SAD clinical study with PMN310 and, subsequently, rolling into the Phase 1b Multiple Ascending Dose study, subject to the availability of sufficient capital. As the Phase 1b MAD study will be conducted in AD patients, this could provide the first signal demonstrating that PMN310 positively benefits patients with AD. We expect to report data on the Phase 1a study around mid-2024... In line with our commitment to collaboration and growth, we are aggressively pursuing partnering discussions to leverage synergies and enhance our capabilities... We truly believe that we have a powerful technology platform from which multiple drug candidates could be developed and we are diligent in identifying ways to untap this potential while not distracting our focus from the lead development program with PMN310 and our tight control on cash management... In summary, I am honored to be representing you as ProMIS' interim CEO. Our priorities are clear: to advance PMN310 through clinical development; to increase the Company's visibility to better highlight the significant value of ProMIS; to advance strategic partnering discussions; and to effectively allocate and manage cash. We remain committed to our goal of generating shareholder value and improving the lives of patients worldwide. Finally, I want to express my deepest gratitude for your ongoing support as shareholders.... As we navigate this transformative period, I am confident that ProMIS will emerge stronger, more resilient, and better positioned to make significant contributions to healthcare. We are on an exciting journey, and I look forward to sharing more successes with you in the future."
CNI

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07:24 EST CN appoints Remi Lalonde as EVP, special advisor to the CEO - CNannounced the appointment of Remi G. Lalonde as Executive Vice-President and Special Advisor to the CEO in anticipation of his transition to the role of Chief Commercial Officer of CN later in the year. The Chief Commercial Officer role is a critical executive role, overseeing CN's strong, experienced, customer focused Sales and Marketing team. As a former CEO, CFO and SVP at a prominent forest products company, Remi has led teams, executed strategy, managed regulatory matters, engaged with Indigenous communities and stakeholders, headed manufacturing operations, and worked with investors and suppliers. Remi, who starts today, will spend time embedded within CN's operations to learn about scheduled railroading, servicing customers, and executing CN's 'Make the Plan, Run the Plan, Sell the Plan' model. Once this intensive familiarization is completed, Remi will transition into the role of Executive Vice-President and Chief Commercial Officer. Doug MacDonald, CN's current Executive Vice-President and Chief Marketing Officer, will remain in that role until the transition is completed later this year.
DGX RHHBY

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07:24 EST Quest Diagnostics unit, Alliance Foundation Trials enter collaboration - Haystack Oncology, a Quest Diagnostics (DGX) company, has entered into a collaboration with Alliance Foundation Trials for research use of Haystack Oncology's personalized MRD technology (Haystack MRD(TM)) to analyze therapeutic response and provide molecular insights for AFT's interventional, randomized phase II clinical trial (AFT-57) in patients with unresectable stage III non-small cell lung cancer. The AFT-57 clinical study is supported by Genentech, a member of the Roche Group (RHHBY), and will explore the efficacy and safety of an anti-PD-L1 atezolizumab with or without tiragolumab in conjunction with chemoradiotherapy.
CRAWA

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07:22 EST Crawford United acquires Heany Industries, terms not disclosed - Crawford United announced the purchase of Heany Industries effective January 2, 2024. Founded in 1932, Heany Industries is located in Scottsville, New York. Heany Industries offers materials engineering solutions for a variety of aerospace, industrial and bio-medical applications. The company's engineered coatings provide a protective shield for aircraft engine components, locomotive parts, dental implants, and other applications where increasing longevity and reducing downtime is critical. The acquisition is expected to add approximately $7 million in annualized revenue to Crawford United and be immediately accretive to earnings.
MURA

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07:22 EST Mural Oncology announces enhancements to late-stage clinical trials - Mural Oncology announced strategic changes to its ARTISTRY-6 and ARTISTRY-7 clinical trials designed to generate more meaningful clinical data for these late-stage, potentially registrational trials of nemvaleukin. These changes are as follows: Cohort 2 of ARTISTRY-6 is a potentially registrational, phase 2 trial evaluating nemvaleukin as a monotherapy in mucosal melanoma patients. Mural plans to increase the size of this cohort by approximately 16 patients and expects a top-line data readout in the first half of 2025. ARTISTRY-7 is a potentially registrational, phase 3 trial evaluating nemvaleukin as a monotherapy and in combination with pembrolizumab in patients with platinum-resistant ovarian cancer. Mural plans to increase the trial by approximately 56 patients and to change the primary endpoint of the trial from progression free survival to overall survival, which Mural believes is a more clinically meaningful outcome and one typically preferred by both regulators and payers. An OS endpoint may also better capture the effects of an IO doublet combination therapy as compared to a PFS endpoint. Mural projects an interim OS readout in the first quarter of 2025 based on approximately 75% of events and a final OS readout in the second quarter of 2026.
RPRX

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07:21 EST Royalty Pharma sees 2023 Porfolio Receipts of $3.05B - Royalty Pharma provided an update on its business performance, including recent key accomplishments, and the full year 2023 outlook for Portfolio Receipts. Pablo Legorreta, Royalty Pharma's founder and Chief Executive Officer, will discuss these updates tomorrow as part of a webcast presentation at the 42nd Annual J.P. Morgan Healthcare Conference to be held at 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time. Based on preliminary unaudited fourth quarter 2023 results, Royalty Pharma now expects to deliver Portfolio Receipts for full year 2023 of approximately $3,050 million, which includes a $50 million payment related to oral zavegepant and exceeds the upper end of its previous guidance range of $2,950 million to $3,000 million. This represents underlying growth of 11% year-over-year prior to Biohaven-related payments and reflects the strong performance of Royalty Pharma's diversified royalty portfolio. Royalty Pharma also expects Net cash provided by operating activities to be approximately $2,980 million to $2,990 million for full year 2023. Portfolio Receipts was previously referred to as Adjusted Cash Receipts. The calculation of Portfolio Receipts will result in the same total as under Royalty Pharma's previous presentation of Adjusted Cash Receipts. This change of presentation will facilitate increased transparency into the economics of individual royalties, as Royalty Receipts by product and franchise, will be reported net of legacy non-controlling interests. Royalty Pharma's preliminary unaudited fourth quarter 2023 results provided in this press release are subject to change in connection with the completion of the company's final adjustments and other developments that may arise during the preparation and audit of its financial statements. Royalty Pharma's management will host a conference call to discuss Royalty Pharma's fourth quarter and full year 2023 results in February 2024. Since 2020, Royalty Pharma has announced transactions of approximately $13 billion, including $4.0 billion in 2023. Important additions to Royalty Pharma's portfolio in the past year have included incremental royalties on Evrysdi, the fast-growing therapy for spinal muscular atrophy, as well as the potentially practice-changing, development-stage compounds pelacarsen for cardiovascular disease and KarXT for schizophrenia. Royalty Pharma also had its strongest year ever for synthetic royalties with announced transactions of $775 million, including Adstiladrin for bladder cancer, which is the first gene therapy added to its portfolio, Skytrofa, an approved therapy for growth hormone deficiency and TEV-'749, an exciting development-stage compound for schizophrenia. In total, 34 unique therapies have been added to the company's portfolio since 2020. In aggregate, based on consensus sales forecasts, investments made since 2020 are estimated to add approximately $1.2 billion to Royalty Pharma's Portfolio Receipts in 2025. The biopharmaceutical ecosystem is generating significant demand for capital to fund the ongoing wave of healthcare innovation. Reflecting this positive market backdrop, between 2019 and 2023, the number of in-depth reviews of new royalty opportunities conducted by Royalty Pharma increased by 133%, resulting in an 80% increase in announced annual transaction value. Given Royalty Pharma's unique role at the heart of funding life sciences innovation, Royalty Pharma believes that there will be significant opportunity to deploy capital and fund innovation, while creating value for its stakeholders. This is reflected in the company's capital deployment target of $10 billion to $12 billion from 2022 to 2026 and in Royalty Pharma's expectation that it has the potential over the longer term to double its average annual capital deployment to $4 billion to $5 billion.
JOBY

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07:21 EST Joby enters pact with Clay Lacy Aviation to install electric air taxi charger - Joby Aviation announced it has signed a definitive agreement with Clay Lacy Aviation to install Southern California's first electric air taxi charger at John Wayne Airport, or SNA, in Orange County, California. The installation of electrical infrastructure to support Joby's Global Electric Aviation Charging System, or GEACS, comes as part of Clay Lacy's planned $100M redevelopment of its fixed-based operator, or FBO, terminal at SNA, targeting completion in mid-2025. The GEACS charging interface, which is already in use at Joby's flight test center in Marina, California and at Edwards Air Force Base, supports the safe and efficient operation of all electric aircraft under development today, including Joby's quiet, emissions-free air taxi. The Joby aircraft will be deployed on routes of up to 100 miles, and can carry a pilot and four passengers at speeds of up to 200 mph, offering travelers high-speed mobility with no in-flight emissions and a noise footprint that is radically lower than today's helicopters. The installation of a charger at John Wayne Airport will establish the site as a node in Joby's Southern California air taxi network, which is expected to be one of the first networks to launch in the U.S.
CABA

Hot Stocks

07:20 EST Cabaletta Bio receives additional FDA Fast Track Designations for CABA-201 - Cabaletta Bio announced that the U.S. Food and Drug Administration has granted separate Fast Track Designations to CABA-201, an investigational 4-1BB-containing fully human CD19-CAR T cell therapy, for the treatment of patients with dermatomyositis to improve disease activity and for the treatment of patients with systemic sclerosis to improve associated organ dysfunction. "The additional Fast Track Designations for CABA-201 in both dermatomyositis and systemic sclerosis, the second and third Fast Track Designations for CABA-201, provide the opportunity for expedited development and review of CABA-201 for the treatment of these autoimmune indications where there is a significant unmet need, despite currently available therapies," said David J. Chang, M.D., Chief Medical Officer of Cabaletta. "We believe these designations potentially accelerate our ability to launch the first targeted, and potentially curative, cell therapy for autoimmune diseases driven by B cells. We look forward to continuing to leverage our research and translational insights along with our efficient trial designs in order to progress these programs forward for patients in need of better outcomes."
OKYO

Hot Stocks

07:19 EST Okyo Pharma's OK-101 achieved statistical significance for two endpoints - OKYO Pharma reports positive safety and efficacy results in its Phase 2, randomized, double-masked, placebo-controlled trial evaluating the safety and efficacy of OK-101 ophthalmic solution in subjects with DED. This first-in-human trial of OK-101 established a clear and informed path for further development in Phase 3 registration trials. The double-masked, randomized, placebo-controlled Phase 2 trial was conducted at six sites in the U.S. and enrolled 240 subjects with DED dosed twice-daily. Highlights of OK-101 Phase 2 Trial: OK-101 demonstrated superiority when compared to placebo in the sign endpoint of total conjunctival staining as measured by the Ora Calibra Staining Scale as early as Day 29. OK-101 demonstrated superiority when compared to placebo across at least two symptoms of DED including burning measured by the Ora Calibra 4-symptom questionnaire as well as burning/stinging measured by a visual analogue scale as early as Day 15. A statistically significant improvement in blurred vision was also achieved at Day 29. Treatment emergent adverse events were observed to be similar to the placebo-treated group. No severe drug related ocular TEAEs were seen. Possible drug-related TEAEs were observed in one patient in the OK-101 0.05% treatment group and 3 patients in the placebo-treated group, again highlighting the favorable safety profile of OK-101. Additionally, fewer subjects in the OK-101 treated arm discontinued study medication compared to discontinuations in the placebo treated patients.
LXRX

Hot Stocks

07:19 EST Lexicon provides business, pipeline update at JPMorgan conference - Lexicon Pharmaceuticals announced a business and pipeline update at the 42nd Annual J.P. Morgan Healthcare Conference taking place January 8-12, 2024. INPEFA Launch Positioned for Acceleration in 2024: Lexicon continues to focus on accelerating the launch of INPEFA, having recently strengthened and evolved its commercial organization to be better placed for success with recent leadership additions and a sales force in place of approximately 150 cardiovascular specialty representatives focused on high-volume prescribers and institutions. The company's sales force has succeeded in driving demand well ahead of filled prescriptions in 2023 pending continuing progress in establishing broader market access and reimbursement. Further improving and expanding market access and reimbursement is a key area of focus in 2024, together with driving further prescription and prescriber growth and achieving favorable formulary decisions among integrated delivery networks. Lexicon aims to significantly increase market access coverage in the first half of 2024 and expects continued prescription and net sales growth throughout the year, accelerating in the second half of 2024. The company will also focus on ensuring a strong ongoing awareness of INPEFA in the medical community through medical publications and congress presence. Clinical Data and FDA Feedback Support INPEFA Life Cycle Management Opportunity in HCM: Clinical data from INPEFA's heart failure studies and its unique mechanism of inhibiting SGLT1 and SGLT2 support a life-cycle management opportunity in HCM, a condition of high unmet need that affects approximately one million people in the U.S. In discussions with the FDA, Lexicon has aligned on a protocol for a single Phase 3 study that could support a supplemental New Drug Application for an INPEFA label expansion encompassing patients with both obstructive and non-obstructive HCM. Exploration of Potential Path Forward in Type 1 Diabetes: Lexicon and the FDA agreed to pause the pending proceedings relating to Lexicon's request for an administrative hearing on whether there were grounds for the FDA's previous denial of the NDA for sotagliflozin in type 1 diabetes in order to engage in discussions, now underway, regarding a potential path forward for the approval of sotagliflozin in type 1 diabetes. LX9211 Late-Stage Development Underway, with Potential to Be First New Non-Opioid Drug for DPNP in Over Two Decades: An estimated 20 million patients in the U.S. experience neuropathic pain, and approximately 5 million patients experience DPNP, with the current standard of care often inadequate and involving undesirable side effects. LX9211 has the potential to be the first non-opioid approach with a novel mechanism in over two decades in this large, underserved market. LX9211 is distinguished in having established clinical success versus placebo in its Phase 2 proof-of-concept study, an important achievement enabling progression into late-stage development and pivotal studies. LX9211 is further distinguished in having achieved clinical success in a study, aligned with how new DPNP drugs are likely to be used in practice, in which patients were permitted to maintain one stable-dose DPNP therapy without being forced to withdraw from therapies that, although inadequate, may be providing benefit. Patient enrollment in the PROGRESS Phase 2b study is now underway, with data anticipated in Q2 2025.
RGNX...

Hot Stocks

07:19 EST Regenxbio: Sarepta granted summary judgment on invalidity in patent suit - Regenxbio (RGNX) announced the U.S. District Court for the District of Delaware granted Sarepta Therapeutics (SRPT) summary judgment on invalidity in a patent infringement suit arising from Sarepta's manufacture and use of cultured host cell technology covered by a University of Pennsylvania patent that Sarepta uses to make clinical and commercial supplies of SRP-9001, for itself and Roche (RHHBY), for the treatment of Duchenne muscular dystrophy. REGENXBIO intends to file an immediate appeal. REGENXBIO exclusively licensed the patent, U.S. Patent No. 10,526,617 ('617), from Penn, which is a joint plaintiff in the lawsuit. The lawsuit was filed September 30, 2020, and a trial was scheduled for the end of January 2024. The ruling on this expired patent does not impact REGENXBIO's current licenses or therapeutic pipeline.
IMNM ZNTL

Hot Stocks

07:17 EST Immunome, Zentalis enter exclusive, worldwide ZPC-21 license agreement - Immunome (IMNM) and Zentalis (ZNTL), announced that they have entered into an exclusive, worldwide license agreement under which Immunome has licensed from Zentalis ZPC-21, a preclinical ROR1 antibody-drug conjugate, or ADC, with potential on track for IND submission in Q1 2025, and Zentalis' proprietary ADC platform technology. Under the terms of the deal, Zentalis will receive an up-front payment of $35M in cash and Immunome common stock. Zentalis will be eligible to receive up to $275M of milestone payments for ZPC-21 and the platform technology in addition to mid-to-high single-digit royalties.
CGEN AZN

Hot Stocks

07:16 EST Compugen to receive $10M milestone payment from AstraZeneca - Compugen (CGEN) announced that it is entitled to receive a $10M milestone payment from AstraZeneca (AZN) after the first patient was dosed in AstraZeneca's ARTEMIDE-Bil01 trial with rilvegostomig. Rilvegostomig is a PD-1/TIGIT bispecific antibody where the TIGIT component is derived from Compugen's clinical-stage anti-TIGIT antibody, COM902. The ARTEMIDE-Bil01 trial is expected to recruit about 750 subjects in more than 20 countries with biliary tract cancer who will be randomized to receive rilvegostomig or placebo with investigator choice chemotherapy as adjuvant treatment after resection with curative intent.
FWRG

Hot Stocks

07:16 EST First Watch Restaurant sees Q4 SSS growth up 5% - Reports same-restaurant traffic growth up 1.3%. Reports 2023 SSS growth up 7.6%. Reports 2023 same-restaurant traffic growth up 0.2%."First Watch is the clear category leader in the fast-growing Daytime Dining segment, and we delivered on our same restaurant sales and traffic expectations for 2023. Our dining room traffic growth improved sequentially in Q4, which is a reflection of the exceptional experiences that our teams create for our customers each day. Furthermore, the restaurants enjoyed better food and labor cost than we previously projected," said Chris Tomasso, First Watch CEO and President. "Our expanding system grew 11% in 2023 versus 2022 as we opened a total of 51 system-wide restaurants across 19 states. We also view franchise acquisitions as an important part of our growth strategy, and since May 2023 have acquired, or announced agreement to acquire, 44 franchise-owned restaurants."
PLTR OPCH

Hot Stocks

07:14 EST Palantir, Option Care Health announce multi-year commercial partnership - Palantir Technologies (PLTR) and Option Care Health (OPCH) announced a multi-year commercial partnership for Palantir's software to be leveraged across the company to help improve patient outcomes and increase efficiency. Option Care Health expects to use Palantir's Artificial Intelligence Platform across nurse scheduling, patient onboarding, purchasing optimization, and supply chain execution, among other potential use cases.
FIVE

Hot Stocks

07:13 EST Five Below reports net sales for Holiday Period increased 15.6% to $1.16B - Five Below announced net sales results for the quarter-to-date period from October 29, 2023 through January 6, 2024. The Company expects fourth quarter and full year fiscal 2023 results within the previously provided guidance, with net sales in the upper half of the range and comparable sales of approximately 3%. Net sales for the Holiday Period, which includes New Year's Day in both periods, increased by 15.6% to $1.16 billion from $1.00 billion in the comparable fiscal week period of 2022. Comparable sales for the Holiday Period increased by 3.6%. Joel Anderson, President and CEO of Five Below, stated, "With great execution by our crew, and supported by a favorable holiday calendar, we delivered on our goals for holiday 2023. We saw broad-based strength in performance across most worlds and continued strong results from converted stores. Needs-based categories continued to outperform, as did our Seasonal offering with the value and Wow! assortment of gifts and stocking stuffers resonating with customers. Based on our holiday results and forecast for January, we now expect to deliver fourth quarter sales in the upper half of our guidance range and are reiterating our EPS outlook."
AXNX BSX

Hot Stocks

07:13 EST Axonics to be acquired by Boston Scientific for $71 per share - Axonics (AXNX) announced that it has entered into a definitive agreement to be acquired by Boston Scientific (BSX) for $71 in cash per share, representing an equity value of approximately $3.7B. Axonics brings a complementary product portfolio to the Boston Scientific Urology business. Axonics has pioneered and introduced significant enhancements to sacral neuromodulation therapy for bladder and bowel dysfunction and urethral bulking for women with stress urinary incontinence, both of which are among the fastest growing segments in urology. The boards of directors of Axonics and Boston Scientific have unanimously approved the transaction, which is expected to close in the first half of 2024 after satisfaction of customary closing conditions, including approval of Axonics' stockholders and receipt of required regulatory approvals. Upon completion of the transaction, Axonics will become a wholly owned subsidiary of Boston Scientific.
SPIR

Hot Stocks

07:12 EST Spire Global awarded $9.4M contract by NOAA - Spire Global has been awarded $9.4M by the National Oceanographic and Oceanic Administration to provide radio occultation data for an 8-month period. The award is part of an Indefinite Delivery Indefinite Quantity contract for NOAA's Commercial Weather Data Program's Radio Occultation Data Buy II. The near-real-time RO data provided by Spire will be used for NOAA's operational weather forecasts, space weather models and climate research, among other applications. The company's RO data consists of vertical profiles of atmospheric measurements, including pressure, humidity and temperature across all points of the globe.
AVDL

Hot Stocks

07:11 EST Avadel Pharmaceuticals provides update on LUMRYS launch performance - Launch Progress Through December 31, 2023: Greater than 1,900 patients enrolled in Avadel's RYZUP patient support services: More than 1,000 patients initiated therapy. The majority of RYZUP enrollments and patients currently being treated with LUMRYZ are patients who switched from first generation oxybates, with the balance made up of patients who previously tried and discontinued a first generation oxybate and patients who are new to oxybate treatment.Signed contract with Emisar; Contracts now in place with all 3 PBM owned GPOs; LUMRYZ moved to preferred status within the CVS commercial formularies and Optum Select as of January 1, 2024. Nearly 1,800 health care providers have completed the LUMRYZ REMS certification process, including both experienced oxybate prescribers as well as providers who have never previously prescribed an oxybate.
SMR

Hot Stocks

07:11 EST Nuscale Power announces 28% workforce reduction, other strategic actions - NuScale Power announced certain strategic actions to better position itself commercially, financially, and strategically. "Our U.S. Nuclear Regulatory-approved, industry-leading SMR technology is already many years ahead of the competition," said John Hopkins, NuScale President and CEO. "Today, commercialization of our SMR technology is our key objective, which includes near-term deployment and manufacturing." Currently, NuScale is taking steps to transition from R&D to commercialization and aims to focus resources in key strategic areas as part of its growth and to strengthen its position going forward. These strategic actions reinforce NuScale's business as the leading SMR technology provider and align resources with core priorities, which include advancing revenue-generating projects, securing new orders and positioning NuScale towards long-term success. NuScale's strategic actions are projected to result in approximately $50M-$60M in annualized savings, which includes a workforce reduction of 154 full-time employees, representing approximately 28% of full-time staff. The company anticipates first quarter severance costs to be approximately $3M. Hopkins concluded, "We continue to invest in our future, including work needed for the near-term deployment of our SMR power plants powered by our 77 MWe NuScale Power Modules."
AVDL

Hot Stocks

07:10 EST Avadel Pharmaceuticals sees FY23 net product revenue $28M - Approximately $19 million and $28 million of net product revenue, respectively, estimated for the quarter and year ended December 31, 2023. Net product revenue consists of LUMRYZ product sales, which was launched in the U.S. on June 5, 2023. Approximately $105 million of cash, cash equivalents and marketable securities at December 31, 2023. "2023 was transformational for Avadel defined by significant growth and continued execution of milestones critical to Avadel's success, beginning with the FDA approval and receipt of Orphan Drug Exclusivity for LUMRYZ. The LUMRYZ launch has thus far been marked by robust demand and overwhelmingly positive feedback from the narcolepsy community, health care providers and payers. Our team is proud of the momentum built this year, and looking toward 2024, we are excited to see LUMRYZ's continued impact across the narcolepsy community," said Greg Divis, Chief Executive Officer of Avadel Pharmaceuticals.
AWI

Hot Stocks

07:08 EST Armstrong World in strategic pact with McKinstry, no terms - Armstrong World Industries announced that it has entered into a strategic partnership with McKinstry, a leading construction and energy services company, by making an equity investment in its Overcast Innovations venture. Overcast Innovations offers integrated building solutions, including prefabricated ceiling cloud systems, modular grid platforms and engineering design services, to reduce waste and inefficiencies in the built environment. The partnership and investment are expected to accelerate Overcast's growth through access to Armstrong's portfolio of ceiling solutions and go-to-market platform. The innovative, integrated modular ceiling systems designed and manufactured by Overcast Innovations address some of the most significant challenges facing building owners, architects, designers and contractors. These challenges include skilled labor shortages, the need for energy-saving materials and design, as well as the increasing complexity of installing the systems, devices and components needed to meet today's tenant requirements. Overcast engages with
BROS

Hot Stocks

07:08 EST Dutch Bros COO Brian Maxwell to transition to vice chairman role - Dutch Bros reported highlights for the quarterly and annual periods ended December 31, 2023. The company also released shop opening guidance for 2024, announced senior leadership changes that underscore its commitment to building a team to drive scale and support its long runway for growth, and announced its participation at the 2024 ICR Conference. The company opened 37 new shops in the fourth quarter of 2023, of which 32 were company-operated. The company opened 159 new shops in the full year 2023, of which 146 were company-operated. As of December 31, 2023, the Dutch Bros system consisted of 831 shops across 16 states. Total system shop openings are expected to be at least 150-165 in FY24. The company plans to welcome three new leaders in the coming months: Joshua Guenser as incoming CFO on or about February 19; Sumitro Ghosh as incoming president of operations on or about January 15 and Jess Elmquist as chief people officer on January 8. The company expects that, following these leadership transitions, longtime Dutch Bros executive Brian Maxwell, currently COO, will transition into the role of vice chairman, reporting to co-founder and executive chairman, Travis Boersma, subject to his appointment by the board of directors.
PBPB

Hot Stocks

07:08 EST Potbelly sees FY23 SSS up 11.9%-12% - Sees systemwide sales up 12.5%-12.6%. Sees AUVs $1.29M-$1.3M. Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, "Our preliminary fourth quarter results marked continued strong performance as our team executed on our Five-Pillar Strategy. On the top line, we grew same-store sales approximately 6%, driven mainly by traffic growth, and delivered average weekly sales above the high end of our previously stated guidance. Notably, we continued to grow traffic share within the fast casual industry during each period of the quarter. We are also pleased to have signed several additional development deals, bringing our total shop commitments to 192 shops, with more exciting deals in the pipeline. All in all, 2023 was an excellent year of progress at Potbelly and we are excited with what 2024 has in store for this unique brand."
PBPB

Hot Stocks

07:06 EST Potbelly sees Q4 SSS up 5.9%-6.4% - Sees systemwide sales up 11%-11.5%. Sees average weekly sales $24,870 to $24,970.
HOWL

Hot Stocks

07:04 EST Werewolf Therapeutics provides business update, highlights 2024 outlook - Werewolf Therapeutics provided a business update and outlined its strategic outlook and expected milestones for 2024. Werewolf outlined the following objectives as the Company's strategic priorities for 2024: Prioritize development of wholly owned clinical-stage programs - present data updates from WTX-124 and WTX-330 while advancing their clinical development. Progress preclinical programs through IND-enabling work - demonstrate the breadth of Werewolf's platform and portfolio opportunities. Apply PREDATOR platform for non-core opportunities and external innovation - leverage Werewolf's validated technical capabilities, preclinical programs and opportunities in inflammatory diseases. Maintain disciplined spend - prudently allocate resources according to these priorities to optimize cash runway with continued focus on clinical development of lead programs. Based on these strategic priorities, Werewolf has provided the following guidance for 2024: WTX-124: In the first half of 2024, Werewolf plans to: Report updated interim data from the monotherapy dose-escalation arm of the Phase 1/1b study; Select a recommended dose for expansion and initiate monotherapy dose expansion arms; and Report initial data from the combination dose escalation cohorts of the Phase 1/1b study. WTX-330: Werewolf continues to progress the Phase 1 clinical trial evaluating WTX-330 as a monotherapy in patients with immunotherapy insensitive or resistant advanced or metastatic solid tumors or non-Hodgkin lymphoma. In 2024, Werewolf plans to report initial data from the Phase 1 clinical trial in the second quarter of 2024. Preclinical Portfolio: includes development candidates WTX-712 and WTX-518, INDUKINE molecules respectively targeting IL-21 and IL-18 for treatment of cancer, as well as numerous leads in discovery. Werewolf intends to progress these programs through IND-enabling work. In 2024, Werewolf plans to: Present preclinical data from WTX-712 in the first half of 2024. Present preclinical data from WTX-518 in the first half of 2024. Present preclinical data demonstrating the potential of INDUKINE molecules for inflammatory diseases by the fourth quarter of 2024. Werewolf now expects that its cash and equivalents will be sufficient to fund its operational expenses and capital expenditure requirements through at least the first quarter of 2025.
BSX AXNX

Hot Stocks

07:04 EST Boston Scientific to acquire Axonics for $71 per share in cash, or $3.4B EV - Boston Scientific (BSX) announced it has entered into a definitive agreement to acquire Axonics (AXNX), a publicly traded medical technology company primarily focused on the development and commercialization of differentiated devices to treat urinary and bowel dysfunction. The purchase price is $71 in cash per share, reflecting an equity value of approximately $3.7B and an enterprise value of approximately $3.4B. Boston Scientific expects to complete the transaction in the first half of 2024, subject to customary closing conditions. Axonics expects to deliver net revenue of approximately $366M in 2023, representing 34% growth over the prior fiscal year. Axonics' revenue growth profile is anticipated to be highly accretive to the Boston Scientific Urology business in 2024. The impact to Boston Scientific adjusted earnings per share is expected to be immaterial in 2024 and accretive thereafter. The impact to GAAP earnings per share is expected to be less accretive, or more dilutive, due to amortization expense and acquisition-related net charges.
BSX AXNX

Hot Stocks

07:01 EST Boston Scientific to acquire Axonics for $71 per share in cash, or $3.4B EV
NVS

Hot Stocks

07:01 EST Novartis announces its Phase III ASC4FIRST trial met both primary endpoints - Novartis announced positive results from the primary analysis of ASC4FIRST, a Phase III trial comparing Scemblix with investigators' choice of tyrosine kinase inhibitor treatment in newly diagnosed patients with Philadelphia chromosome-positive chronic myeloid leukemia in chronic phase. ASC4FIRST is the first and only randomized head-to-head Phase III trial comparing a CML treatment vs. approved standard-of-care first- and second-generation TKIs. The trial met both primary endpoints of major molecular response rate for Scemblix compared to investigator-selected TKIs and compared to imatinib, demonstrating clinically meaningful and statistically significant results for both endpoints. Scemblix showed a favorable safety and tolerability profile with fewer adverse events and treatment discontinuations vs. investigator selected standard-of-care TKIs1. The ASC4FIRST data showed no new safety signals compared to the established safety profile of Scemblix. The trial remains ongoing, with the next scheduled data readout planned for week 96, which will evaluate the key secondary endpoint as well as additional secondary endpoints.
MDT

Hot Stocks

07:00 EST Medtronic announces CE Mark approval for MiniMed 780G system - Medtronic announced CE Mark approval for the MiniMed 780G system with Simplera Sync, a disposable, all-in-one continuous glucose monitor, or CGM, requiring no fingersticks or overtape. Simplera Sync features an improved user experience with a simple, two-step insertion process and is half the size of previous Medtronic sensors.
BLCO

Hot Stocks

07:00 EST Bausch + Lomb announces FDA approval of TENEO Excimer Laser Platform - Bausch + Lomb announced the U.S. FDA has approved the TENEO Excimer Laser Platform for laser-assisted in situ keratomileusis vision correction surgery for myopia and myopic astigmatism.
QSR

Hot Stocks

06:58 EST Restaurant Brands shifts reportable segment, definition of segment income - Restaurant Brands announced details of its shift in reportable segments and definition of segment income. Beginning with the fourth quarter and year ended December 31, 2023, RBI will report results under five reportable segments: Tim Hortons; Burger King; Popeyes Louisiana Kitchen; Firehouse Subs and International. The TH, BK, PLK and FHS segments include results from each brands' operations in the United States and Canada. INTL includes consolidated results from each brands' operations outside of the United States and Canada. This shift in reportable segments reflects how RBI's leadership intends to oversee and manage the business going forward. In addition, RBI has transitioned its definition of segment income from adjusted EBITDA to adjusted operating income, or AOI. Unlike adjusted EBITDA, AOI includes depreciation and amortization as well as share-based compensation and non-cash incentive compensation expense. RBI will continue to report adjusted EBITDA on a consolidated and segment level basis for supplemental purposes.
CMC

Hot Stocks

06:54 EST Commercial Metals says ex-items adjusted EBITDA should improve - Matt said, "Margins on steel products are likely to experience some further compression during the second quarter, however, recent price announcements should support an inflection and improved margins going forward. Downstream product margins should exhibit good sequential stability. Conditions in Europe are expected to remain challenging, but adjusted EBITDA excluding energy rebates should improve from the levels of the past two quarters. Financial results for our Emerging Businesses Group are anticipated to follow a typical seasonal pattern. :ooking beyond the second quarter, we expect robust spring and summer construction activity driven by increased infrastructure investments, which should support an already strong demand backdrop in both the North America Steel Group and the Emerging Businesses Group. Regarding the Europe Steel Group, we expect that supply side adjustments and the impact of increasing levels of residential and infrastructure construction should drive sequential improvements in financial results beginning in the spring construction season."
NUVL

Hot Stocks

06:48 EST Nuvalent announces "OnTarget 2026" operating plan - Nuvalent announced its "OnTarget 2026" operating plan to guide efforts towards having its first potential approved product in 2026. OnTarget 2026 delineates Nuvalent's three-year operating plan towards bringing new, potential medicines to patients with cancer. As part of this plan, Nuvalent expects to achieve the following anticipated milestones throughout 2024, leading to the company's first potential pivotal data in 2025 and first potential approved product in 2026: 2024: execute on global registrational strategies; progress the Phase 2 portion of its ARROS-1 trial of NVL-520 in patients with advanced ROS1-positive NSCLC with registrational intent; initiate the Phase 2 portion of its ALKOVE-1 trial of NVL-655 in patients with advanced ALK-positive NSCLC with registrational intent; launch the front-line development strategy for its ALK program; initiate the Phase 1 trial for its HER2 program; and present interim data from its ongoing ARROS-1 and ALKOVE-1 clinical trials at medical meetings. 2025: first pivotal data. 2026: first approved product. Nuvalent ended 2023 with approximately $719.9M in cash, cash equivalents and marketable securities, which, based on its current operating plans, is expected to fund its operations into 2027. This amount is a preliminary, unaudited estimate only as of today, could change following completion of year-end closing procedures, and does not present all information necessary for an understanding of our financial position as of December 31, 2023.
NPO

Hot Stocks

06:44 EST EnPro names Joseph Bruderek Jr. as CFO, effective April 1 - Enpro announced that Joe Bruderek has joined the company as Executive Vice President, Finance, and Enpro's board has appointed Bruderek as CFO, effective April 1. His appointment follows the previously announced retirement of J. Milton "Milt" Childress II from Enpro following 19 years with the company. Childress will continue as Enpro's CFO until April 1, and will remain with the company until May 31, 2024, to ensure a smooth transition.
CLRB

Hot Stocks

06:42 EST Cellectar Biosciences says CLOVER WaM study met its primary endpoint - Cellectar Biosciences announced data from its CLOVER WaM pivotal study, evaluating iopofosine I 131, a potential first-in-class, targeted radiotherapy candidate for the treatment of relapsed/refractory Waldenstrom's macroglobulinemia patients that have received at least two prior lines of therapy, including Bruton tyrosine kinase inhibitors. CLOVER WaM is the largest study to date in relapsed or refractory WM patients post-BTKi therapy and represents the most refractory population ever tested in clinical studies based upon a review of published literature. The CLOVER WaM study met its primary endpoint with a major response rate of 61%. The overall response rate in evaluable patients was 75.6%, and 100% of patients experienced disease control. Responses were durable, with median duration of response not reached and 76% of patients remaining progression free at a median follow-up of eight months. These outcomes exceed real world data, which demonstrate a 4-12% MRR and a duration of response of approximately six months or less despite continuous treatment in a patient population that is less pretreated and less refractory to multiple classes of drugs. Notably, iopofosine monotherapy achieved an 8% stringent complete remission in this highly refractory WM population.
CAMP

Hot Stocks

06:40 EST CalAmp names Chris Adams as President and CEO - CalAmp is pleased to announce that Chris Adams will be joining the company as President and CEO, effective January 22, 2024. Adams started his career in engineering and engineering leadership and has served in general management roles for more than 20 years. Prior to his current role at onsemi, Adams held business unit leadership roles with LSI Logic, Sony Electronics, and BAE Systems.
PSN

Hot Stocks

06:26 EST Parsons awarded $21M task order to advance NNSA infrastructure - Parsons announced that the company was awarded a $21M task order by the National Nuclear Security Administration Office of Infrastructure. The task order, awarded through the $160M ceiling-value Enterprise Construction Management Services contract, is for design and construction management support at Los Alamos National Laboratory and has a three-year period of performance. Under this task order, Parsons is providing project management, project control, and construction subject matter experts to the federal government for the more than $4B of capital line-item projects at LANL. The company is responsible for monitoring the design, construction, environmental, safety, health, and quality efforts on those projects and advising the federal government.
VRSK

Hot Stocks

06:15 EST Verisk Analytics: CDI approves ISO wildfire mitigation filings for homeowners - Verisk announced that the California Department of Insurance has approved its ISO wildfire mitigation filings for homeowners, dwelling, commercial property, commercial inland marine and business owners programs. This critical filing enables insurers to incorporate and reflect specific wildfire mitigation discounts in their rating plans, as mandated by a CDI regulation implemented last year. Verisk has been engaging with CDI to assist insurers in responding to the mitigation regulation and navigating the changing environmental landscape. As the climate science progresses and more insurance industry data becomes available, Verisk will continue to assess the impact of mitigation for insurers. This proactive approach has positioned Verisk as an industry leader, being among the first to have its filings approved.
VCXB

Hot Stocks

06:13 EST 10X Capital Venture Acquisition III: David Weisburd to succeed Thomas as CEO - 10X Capital Venture Acquisition Corp. III announced that, subject to approval by the board of directors, it expects David Weisburd, the current COO and Head of Origination, to succeed Hans Thomas as CEO of 10X III, and expects Osman Ahmed to succeed Oliver Wriedt as President. Thomas will remain as Chairman of the board of directors.
ZURA...

Hot Stocks

06:11 EST Zura Bio names Robert Lisicki as COO, Kiran Nistala as CMO - Zura Bio (ZURA) announced the appointments of Robert Lisicki as President and COO, and Kiran Nistala, MBBS, PhD, as Executive Vice President Development and Chief Medical Officer, to the Executive Leadership Team. Lisicki will be responsible for developing and driving the business plan and strategic initiatives as Zura Bio builds a leading immunology company. Dr. Nistala will be responsible for the development strategy of prioritized pipeline products. Lisicki and Dr. Nistala have successfully worked on or led in the development of multiple drugs within the auto-immune therapeutic area. These executives position Zura Bio to deliver on the promise of their innovative medicines for patients in need of better clinical outcomes. . Lisicki served as the Chief Commercial Officer at Arena Pharmaceuticals, a prominent biopharmaceutical company acquired by Pfizer (PFE) for $6.7B in 2022. Dr. Nistala recently held the role of Vice President of late-stage clinical development in Immunology at AstraZeneca (AZN), where he was instrumental to their therapeutic build in autoimmune disease.
SY

Hot Stocks

06:10 EST So-Young announces update on repurchase, cancellation of shares - So-Young announced that during the term of the company's share repurchase program previously announced in November 2022 and modified in January 2023 and the share repurchase program previously announced in May 2021, the company in aggregate purchased approximately 13.3M ADSs, representing 10.3M Class A ordinary shares of the company, for an aggregate consideration of approximately $54.5M. The company plans to cancel all of the Class A ordinary shares underlying the ADSs that were repurchased under the 2022 share repurchase program and the 2021 share repurchase program.
LODE

Hot Stocks

06:07 EST Comstock Mining acquires, retires over 2.6M common shares - Comstock announced that it has reacquired and cancelled 2,605,322 of its previously issued common shares held by LINICO Corporation, and reduced Comstock's outstanding shares to 115,256,759.
KBR

Hot Stocks

06:07 EST KBR green amonia technology selected by consortium for H2biscus project - KBR announced that its K-GreeN technology has been selected by a consortium consisting of Lotte Chemical, KNOC, or Korea National Oil Corp, and Samsung Engineering for Lotte Chemical's H2biscus green ammonia project development in Sarawak, Malaysia. Under the terms of the contract, KBR will provide technology license and proprietary engineering design to Lotte Chemical for its green ammonia project that will produce 800 KTA of green ammonia from hydropower.
IDCC

Hot Stocks

06:06 EST InterDigital awarded injunction against OPPO, Realme and OnePlus - InterDigital announced it has been awarded an injunction against OPPO, Realme and OnePlus by a court in Germany. The Regional Court Munich I ruled that OPPO, Realme and OnePlus infringe InterDigital's 5G patent-in-suit, that InterDigital has acted in a FRAND manner, and that OPPO, Realme and OnePlus are unwilling licensees who have not acted in line with widely recognized FRAND principles. "This resounding victory is another example of the quality of our innovation and our leadership in licensing standardized technologies such as 5G," commented Josh Schmidt, Chief Legal Officer, InterDigital. "Having been determined to be an unwilling licensee by the court in Munich we urge OPPO to now meaningfully engage in negotiations and to take a fair and reasonable license to our patented innovation."
SNMP

Hot Stocks

06:05 EST Evolve Transition Infrastructure exercises right to purchase common units - Evolve Transition announced that Evolve Transition Infrastructure GP, the general partner of the partnership, has elected to exercise the right to purchase all of the issued and outstanding common units representing limited partner interests in the partnership not already owned by the General Partner or its controlled affiliates pursuant to Section 15.1 of the partnership's third amended and restated agreement of limited partnership, as amended. The general partner will purchase the transaction units on February 16 for a cash purchase price of $1.389285 per transaction unit. The purchase price was calculated pursuant to the formula set forth in Section 15.1 of the limited partnership agreement based on the average of the daily closing prices per common unit on the NYSE American for the 20 consecutive trading days ending on January 4, the trading day immediately prior to the third day prior to January 8, the date the notice of election is being mailed. As of the purchase date, all rights of the holders of the transaction units will cease, except for the right to receive payment of the purchase price. Upon completion of the purchase on the purchase date, the general partner and its affiliates will own, directly or indirectly, 100% of the common units. In addition, upon completion of the purchase, the Common Units will cease to be publicly traded or listed on the NYSE American, and will not be listed or quoted on any other venue.
QGEN

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05:48 EST Qiagen receives FDA clearance for NeuMoDx CT/NG Assay 2.0 - Qiagen announced the FDA clearance for the NeuMoDx CT/NG Assay 2.0, growing its test menu for its integrated PCR-based clinical molecular testing systems NeuMoDx 96 and 288 in the United States. This assay is designed for direct detection of asymptomatic and symptomatic bacterial infections involving Chlamydia trachomatis, or CT, and / or Neisseria gonorrhoeae, or NG - the most common type of bacterial infection among sexually transmitted infections, according to the U.S. National Institutes of Health.
GH

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05:45 EST Guardant, Hikma team on cancer screening and genomic profiling tests in MENA - Guardant Health and Hikma Pharmaceuticals announced an agreement to promote Guardant Health's portfolio of liquid and tissue biopsy tests for cancer screening, recurrence monitoring and tumor mutation profiling across all solid cancers in countries across the Middle East and North Africa, or MENA. The partnership expands Guardant Health's global presence and includes products across the cancer care continuum. The tests offered include Shield for cancer screening and early detection, Guardant Reveal for minimal residual disease detection and recurrence monitoring, and Guardant360(R) and Guardant360 TissueNext(TM) for comprehensive genomic profiling across all solid cancers.
CALT

Hot Stocks

05:41 EST Calliditas Therapeutics provides business update ahead of conference - Calliditas Therapeutics provided a business update for the fourth quarter of 2023 and certain preliminary, unaudited key financial information for the fourth quarter and full year 2023, as follows: Q4 preliminary product revenue growth with net Tarpeyo revenues of $31M-$33M for the quarter, representing growth over Q3. Preliminary net Tarpeyo revenues of $100M-$102M for 2023, representing over 170% year over year growth compared to 2022. Preliminary total revenues reaching $110M-$113M for 2023, as a result of milestone payments and royalty income from the Nefecon franchise outside the U.S. Record quarter in terms of enrollments with 555 new Tarpeyo prescriptions in the fourth quarter. The information above reflects our preliminary estimates with respect to such results based on currently available information. We have provided ranges, rather than specific amounts, for the preliminary results described above primarily because our financial closing procedures are not yet complete and, as a result, our final results may vary from the preliminary estimates.
NDAQ

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05:32 EST Nasdaq presents yearly statistics for Nasdaq European markets - Nasdaq presented its yearly statistics for Nasdaq European markets. Despite the uncertainties in the wider global economy, the Nordic and Baltic regions maintained their position in capital markets in several key areas, including Sustainable Debt Market and SME listings. In total, the Nasdaq equity markets in Sweden, Denmark, Finland, Iceland and the Baltic countries welcomed 33 listings, including seven initial public offerings, or IPOs, raising a total of EUR 431M risk capital and EUR 11.6B in secondary offerings. With 19 listings, Nasdaq Stockholm also remained one of the most successful listings venues in Europe in 2023. The Nordic and Baltic Sustainable Debt Markets grew by 33% from the previous year to EUR 63B during a period of turbulence and relatively low activity in overall Nordic debt market. This is a testament to the ever-growing focus on sustainability amongst investors and companies alike.
FSR

Hot Stocks

05:28 EST Fisker names Angel Salinas chief accounting officer - Fisker announced that Angel Salinas has been named chief accounting officer, effective immediately. Salinas will report to CFO Geeta Gupta-Fisker. Salinas comes to Fisker after more than two decades at PricewaterhouseCoopers, most recently as an Assurance Partner, where he served as audit signing partner on numerous clients and oversaw audit teams in the United States, Canada, India, Mexico, and Argentina. Throughout his career at PwC, Salinas has focused on complicated audit, compliance, and regulatory matters, leading large teams of accounting professionals. Salinas currently holds a CPA in Texas and Colorado and is a graduate of the University of Houston. In connection with his new appointment at Fisker, Salinas has relocated from Texas to California.
BKYI

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05:23 EST BIO-key announces Ministry of Foreign Affairs of Denmark selects IT2Trust - BIO-key announced the Ministry of Foreign Affairs of Denmark is enhancing its digital security infrastructure for 4,500 users worldwide. The Ministry chose IT2Trust to implement a Virtual Private Network secured by BIO-key Europe's AuthControl Sentry authentication solution.
AJG

Hot Stocks

05:15 EST Arthur J. Gallagher acquires Koberich Financial Lines, terms undisclosed - Arthur J. Gallagher announced the acquisition of Cologne, Germany-based Koberich Financial Lines. Terms of the transaction were not disclosed. Koberich is an insurance broker specializing in financial lines products. Harald Koberich and his team will operate under the direction of Alex Nagler, head of Gallagher's retail property/casualty brokerage operations in Europe.